The actions of the Central Bank in relation to mortgage lending in Russia have long look like a direct opposition to the political course of the country’s leadership. While Vladimir Putin demands to create conditions under which poor citizens could solve the apartment issue, the Central Bank stubbornly makes a mortgage available only for wealthy people. Under these conditions, those who form the basis of the President and Party of power cannot solve their housing problems and lose loyalty.
August began with the next “gift” of the Central Bank to the country’s leadership. The bank tightened the conditions for the issuance of mortgage loans, actually increasing the amount of the initial contribution. Now get a loan for an apartment, having originally paying only 15 percent of its cost, it becomes extremely difficult. If earlier in the provinces in order to get housing in a mortgage, the family had to accumulate about half a million rubles on a first -million contribution, now it will take from 700 thousand to a million. This means that for many people the dream of their housing will be deposited from a year to three years, which will not improve their attitude to power.
As Irina Radchenko, president of the International Academy of Mortgage and Real Estate, said in this regard, many Russians could not accumulate the initial fee before, and now, according to new rules, many even if they want to take a mortgage, they may not get it. Radchenko added that due to the policy of the Central Bank of borrowers who can conscientiously pay a loan, there are less and less.
It remains only to add that between the number of people who received their housing and the president’s rating there is a direct connection
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