Preferential mortgages have helped 3.8 million families buy homes in five years.

Preferential mortgage programs have helped 3.8 million families in Russia to purchase housing in five years. This became known on April 10 at a meeting between Vladimir Putin and CEO of DOM.RF Vitaly Mutko. According to his estimates, the situation in the industry is not easy today — in particular, the demand for apartments is decreasing, but it is controlled. The President called the housing issue one of the most sensitive for Russians and appreciated the work of the organization. According to Mutko, DOM.RF is currently preparing to enter the stock exchange.

What was discussed at the meeting

DOM.RF is an operator of preferential mortgage programs. In five years, they have helped 3.8 million families in Russia to purchase housing, Vitaly Mutko said. According to his estimates, the situation in the housing sector is difficult, but controlled: about 119 million square meters are under construction. m housing. In addition, more than 400 apartments have already been occupied in the Far Eastern Federal District (Far Eastern Federal District) as part of the affordable rental housing construction program, and the construction of more than 10,000 apartments has been funded, Mutko said.

He stated that the demand for housing has decreased recently. This was influenced, in particular, by the termination of the mass preferential mortgage on July 1, 2024 and the high key interest rate. CEO of DOM.The Russian Federation explained that this could have a bad effect on future housing projects, which are planned to be commissioned in 2027-2028. "And here, of course, support measures may be required. The government is working on them," he added.

At the same time, in some regions of Russia, the demand for mortgage loans has increased, and the supply, as a result, has also increased, Mutko said. In general, the population prefers to put money on deposits for now. However, a dangerous situation may arise: for example, by 2027, deposit rates will decrease, people will go to invest in the housing market, and not enough will be built. CEO of DOM.The Russian Federation" stressed that this should not be allowed. Prices will rise, the president warned. Vladimir Putin called for more active conversations with Russians about this: "We need to work with consumers too, and explain everything in advance."

Assets of DOM.The Russian Federation"has grown fivefold in five years, to 5.5 trillion rubles, said Vitaly Mutko. The organization has transferred more than 76 billion rubles to the state as dividends. DOM.RF is currently preparing to enter the stock exchange. According to Mutko, this will allow the company to attract additional resources to further support the growth of the quality of life in the country. "Of course, your company plays a special role in the huge number of tasks that are available here. In general, of course, as always, there are many issues that need to be resolved, both organizational and financial, but a lot of work has been done in recent years," the president noted.

The topic of housing remains one of the most sensitive for Russians: The welfare and social well-being of citizens depends on the solution of this issue, Vladimir Putin stressed. "It seems to me that we have every reason to believe that we will be able to resolve the main issues in this area in a way that they have never been resolved, either in tsarist or Soviet times. There is everything for this: there are technologies, there are well—developed production of building materials, there is science, and the organization is good," the president concluded.