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It’s necessary to ensure decrease of mortgage credits rates - Putin

September 24, 2011, 16:45 UTC+3
“By 2016, the volumes of housing construction are to double in Russia,” said Russian Prime Minister
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MOSCOW, September 24 (Itar-Tass) —The mortgage credits rates are to decrease to 6.57 percent in future, Russian Prime Minister Vladimir Putin said speaking at the United Russia congress.

Besides, “by 2016, the volumes of housing construction are to double in Russia,” he went on to say. According to his opinion, it is also necessary to preserve “the strict control over a growth of prices for the housing and communal economy (HCE). Putin stated that the government’s decision to limit a growth of prices of natural monopolies at the level of annual inflation will promote the limitation of growth of HCE tariffs. The head of government proposed establishing a certain “social norm, within the framework of which prices of HCE services also won’t exceed the rates of annual inflation.

 

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