Aggregated News From Investment Management Regulators

Preferential mortgage programmes boost demand for housing

Report/Flag

Please complete the required fields.



Government support measures provided at federal and regional levels, primarily the preferential mortgage programme at 6.5%, provided key support to the construction market amid the coronavirus pandemic. This is the topic of the recent issue of the analytical note Housing Construction.

January—May 2020 saw a slowdown in the growth of the portfolio of housing loans (including mortgage ones). However, in June—July, activity in the Russian mortgage market picked up again. In addition to 6.5 Programme, its recovery was assisted by the easing of price and non-price lending conditions, as well as additional support measures for the regional demand for housing. Active government support for housing construction and the development of the project financing mechanism were instrumental for maintaining broadly stable situation in the construction industry.

According to the authors of the note, the near-term dynamics of housing construction will be predominantly shaped by further decisions on government measures aimed at supporting demand for housing, as well as the ability of the construction industry to reciprocate this demand with the commissioning of new housing.

Source Link

Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

Recent Articles

Directive for the beneficial ownership register of express trusts and similar legal arrangements

See the Press Release published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

RichmondSuper

Attention! The FMA warns investors against concluding transactions with: RichmondSuper https://www.richmondsuper.com (Link to external page. Opens in new window.) [email protected] [email protected] [email protected] [email protected] [email protected] (Link to external page. Opens in new window.) This provider...

Hardson Becker Global

Attention! The FMA warns investors against concluding transactions with: Hardson Becker Global with its registered address apparently in Hangzhou, China www.hardson.com This provider is not authorised to carry...

“Let’s talk about money” – money laundering: how illegal assets are given a legal appearance

In the latest edition of its consumer information series, “Let’s talk about money” the Austrian Financial Market Authority (FMA) explains about the term money...

Chair Powell will host town hall with educators August 2, 2021 at 4 p.m. EDT

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

Get the latest from Regulatory.News in your inbox!

×