MarketsNotableConfirmed
5.1
Russia tightens family mortgage terms from Oct 1, rate and amount tied to children and region
InterfaxLO·RU·about 6 hours ago
Russia is implementing a policy that ties mortgage rates to the number of children, with Moscow's rate for one-child families doubling to 12% on October 1. This marks a shift in housing policy, likely aimed at incentivizing larger families amid demographic concerns. The move could strain affordability for smaller families and signal broader state intervention in housing markets.