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Housing situation may change drastically in 5-7 years

February 07, 2012, 16:33 UTC+3

Putin is confident that the housing problem in the country may be radically changed within the next five to seven years.

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MOSCOW, February 7 (Itar-Tass) — Russia’s presidential candidate Vladimir Putin is confident that the housing problem in the country may be radically changed within the next five to seven years.

“As for the housing problem, I am simply confident that we will be able to radically change the housing situation in the country in five, six or seven years,” Putin said at a meeting with his election agents.

According to him, these changes will be possible in particular with the help of lower mortgage interest rates, lower cost of one square meter as a result of putting into practice some offers on the allocation of land plots near big cities and settlements, development of infrastructure.

 

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