The Ministry urged not to tie the growth in housing prices with the innovations in joint construction

ECONOMY

MOSCOW, July 25. /Basereporter.com/. The head of the Ministry of construction of Russia Vladimir Yakushev urged not to link the growth of prices for housing under construction with the innovations in joint construction.

“We really fix a slight increase in prices in the market. Here you can talk about different aspects, but the main one is the cheaper option was a mortgage”, – said the Minister, answering questions of journalists on the sidelines of national conference “innovations in the law on joint construction”.

The Ministry carefully examines expert analytic materials, regions, large agencies of real estate, said Yakushev. All the data testify to the active demand for real estate under construction from the Russians, which is the increasing trend for prices.

“There is a low mortgage rate and the growing demand on the mortgage. To tie it only to the fact that it … compliance with Federal law, I wouldn’t”, concluded the Minister.

From 1 July 2018 began to operate the law establishing the new system of housing Finance, which should strengthen the protection of rights of investors. One of the main changes in the law is that the developers lose the right to directly involve money of shareholders from 1 July 2019. From this date the sale of property must occur through a system of escrow accounts, and the construction of houses on attracted Bank loans, which may increase the cost.

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