be necessary to assess the effect of the measures taken. Given japan telegram data the president’s instructions on family mortgages and the fact that preferential mortgages have already driven up housing prices, we believe that it is necessary to continue discussing the specific parameters and details of the configuration of the entire system of state support for mortgage lending, including after June 2024.
Currently, about 90% of mortgages
in the primary housing segment are issued under state programs. This should not be the case, and we must continue the gradual exit from this story. After all, before 2020, that is, before the start of mass preferential mortgages, the share of state support in issuances did not exceed 20%.
We advocate targeted mortgage programs that perform social functions. That is, it is necessary to understand who exactly the state supports and for what purposes. For example, in the case of family mortgages, it helps families with children and contributes to solving the demographic problem.
But the usual “broad” preferential
mortgage is non-targeted, and can be taken by use sms marketing campaigns to announce new offers virtually anyone. There are broad criteria for issuance, and even if you have no financial problems, that is, you do not ao lists really need support, you can still qualify for it. Many borrowers do this, including buying housing under these programs exclusively for investment purposes.
