The State Duma allowed an increase in family mortgage limits from July 1.

It is expected that from July 1, the maximum loan amount will be increased in the preferential family mortgage program, which will allow families to purchase more spacious housing. This was announced on June 19 by Vladimir Koshelev, first deputy chairman of the State Duma Committee on Construction and Housing and Communal Services.

"The main positive vector [of the program's adjustment] is likely to be an increase in credit limits, which will allow families to purchase real estate that meets their real needs. Raising the limits is critically important for the purchase of more spacious apartments, which are needed by families with several children," he said in an interview with TASS.

According to Koshelev, the current limits of 6 million and 12 million rubles against the background of rising real estate prices no longer cover the cost of family housing formats.

The news is being updated