The expert spoke about the advantages of housing deposits

Amendments to the law on housing savings, which the State Duma plans to consider in the fall of 2025, are aimed at creating a new mechanism for financial protection and assistance to citizens in accumulating funds to buy housing, Anatoly Aksakov, head of the State Duma Committee on the Financial Market, told Izvestia.

— Mortgages with high interest rates can be an unprofitable solution. In addition, not everyone is comfortable taking on debt obligations. The relevance of housing deposits is particularly increasing in the context of the cessation of the sharp rise in real estate prices, which was observed during the period of the non-addressable mortgage with state support. In addition to the increased guarantee compensation, a significant advantage will be the ability to replenish the deposit by third parties, such as relatives," Aksakov said.

According to him, housing deposits will allow you to systematically save without debt burden and at the same time be sure of the safety of funds — this is suitable, including for citizens with small or unstable incomes.

Earlier, State Duma deputies reported that amendments to the second reading of the draft law on housing savings are designed to protect depositors' funds from inflation and possible bank bankruptcy. Thus, deposit insurance of up to 10 million rubles is provided. And if the bank goes bankrupt, the Russians will get the money back in full.

Read more about this in the Izvestia article.