The State Duma appreciated the idea of expanding the family mortgage

The idea of providing preferential mortgage terms for families with one child under the age of 18 deserves attention. Svetlana Bessarab, a member of the State Duma Committee on Labor, Social Policy and Veterans' Affairs, expressed this opinion on Thursday, March 6.

Earlier in the day, it was reported that the government is considering the idea of extending the preferential mortgage program to families with one minor child, RT reports. The return to mortgage benefits for families with one child will be evaluated by the Ministry of Finance and the Ministry of Construction together with the Dom company.The Russian Federation," the NSN clarifies.

"The idea is quite viable. We are experiencing stagnation in the housing construction industry today, and this stagnation is especially noticeable in the field of mortgage lending, that is, the purchase of housing through a mortgage. With sufficiently high lending rates, people simply cannot cope and do not dare to purchase housing," Bessarab said in an interview with Lenta.Ru .

Payment visibility: The average mortgage cost dropped below 30% in early March

Why are housing loans getting cheaper and how will this affect the real estate market?

Andrey Kashevarov, Deputy head of the Federal Antimonopoly Service, said on February 28 that the agency was proposing to simplify mortgage refinancing. Now, a borrower may face additional costs when transferring to another bank, because it takes a long time to pay off a new loan that has not yet been secured by a mortgage at an increased rate, he explained.

The head of the Central Bank of Russia, Elvira Nabiullina, said on February 27 that the regulator expects mortgage lending to grow by 5% in 2025. She added that in the first half of 2024, mortgage issuance rates also increased at a rapid pace.

Analysts at Sberbank's Domclick center, based on the results of a study of mortgage transaction data, said on February 11 that the share of preferential mortgages in the total volume of mortgage programs is growing again. So, in November last year, it amounted to 76% of the total issuance volume, in December — 77%, and in January 2025 it increased to 78%.