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News

14/12/2004

Yuri Luzhkov welcomed the "housing" laws, but not in part of mortgage

Moscow Mayor Yuri Luzhkov believes that the State Duma a package of bills to create affordable housing market, improve the welfare of the population and will help develop the economy of Russia.

"Adoption of the package of laws will be a nationwide program aimed at improving the welfare of the population and development sectors of the economy ", - said Yuri Luzhkov on Friday at a meeting of the State Duma on the subject.

However, the mayor stressed that the package of bills is not fully conducive to the development of massive mortgage. In particular, according to the mayor, does not solve the problem by lowering the interest rate on mortgage loans, as well as the problem of availability of bank loans.

Mortgage lending for the development of the state must provide guarantees on mortgage loans, the mayor stressed. According to Yuri Luzhkov, to the development of the mortgage also need to grant a number of categories of people on mortgage loans, to subsidize the interest rate at the level of RF.

Reports "Interfax", the Mayor also told that the annual volume of residential construction in Moscow is about 5 million square meters. meters. "Every year in Moscow, is constructed of 120 thousand new apartments, representing about half the total number of re-entering housing in the Russian Federation" , - he said.

Source: M2 - Square meter

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