Russia tightens family mortgage terms from Oct 1, rate and amount tied to children and region

Russia's Finance Ministry announced changes to the family mortgage program effective October 1, making the rate and loan amount dependent on the number of children and region, with a maximum subsidized term of 15 years. This marks a policy shift toward more targeted state housing support, likely reducing overall subsidy scope. The move could dampen housing demand and affect construction sector growth, though details on exact rates and regional differentiation remain unspecified.