Residents of Krasnoyarsk Krai took thousands of rural mortgages
Rewritten Article:
Rural mortgage programs remain popular in Krasnoyarsky Krai, with over 2,200 farming homes financed since 2020 - that's one out of every eight deals in Siberia. Rosreestr, the Russian Land Register, has provided data on rural home financing. According to the regional administration, rural properties are most commonly purchased in Emel'yanovsky District - one of the territories of the Krasnoyarsk agglomeration.
Rural mortgage programs enable individuals to buy ready-made homes, apartments, or shares at reduced interest rates: rates as low as 0.1–3% per year. Moreover, the program offers funds for land purchases and the construction of a home on an existing plot.
"For many, rural mortgage programs are the crucial tool in realizing the dream of owning a home. This program remains an important instrument for the development of rural territories and improving the living conditions of their residents," says Tatiana Golodbina, head of the Rosreestr administration for Krasnoyarsky Krai.
Over the past 5 years, from January 2020, rural mortgage agreements reached 16,228 across the region (with Novosibirsk Oblast leading with 2,559 and Irkutsk Oblast following close behind with 2,499). Russia-wide, Rosreestr has registered 99,410 transactions.
In October 2024, the Russian government allocated 6.8 billion rubles in support of favorable rural mortgage rates and mortgages in rural areas.
"Over five years, favorable mortgage programs have demonstrated their demand among Russian citizens, proving to be an effective tool for improving housing conditions. With the direction of the country's leadership, Rosreestr has provided the necessary conditions for the rapid and hassle-free registration of homes purchased via the program - whether apartments or individual homes," notes Tatiana Gromova, deputy head of Rosreestr.
According to her, deals involving electronic interaction are usually registered within 12 hours, with the popularity of mortgage programs driving a steep increase (over 9.4 times) in the use of electronic services at Rosreestr since 2020.
Photograph: DELA
Enrichment Insights:- Rural mortgage programs aim to offer affordable financing options for rural residents, promote rural development, and improve living standards in these regions.- The program's success is dependent on factors like interest rates, funding availability, and administrative efficiency, as well as regional economic conditions, including the availability of affordable housing and employment opportunities.- Effective implementation is crucial, with clear guidelines, accessibility, and incentives that align with rural community needs.- Economic conditions, such as those influenced by the COVID-19 pandemic, could impact the program's outcomes. To obtain more precise information, consider reviewing local government reports, consult real estate data, contact participating banks, and conduct surveys or interviews with residents in the Emel'yanovsky District of Krasnoyarsky Krai.
- For individuals interested in the real-estate sector, the popularity of rural mortgage programs in Krasnoyarsky Krai offers a potential investment opportunity with one out of every eight deals being financed for farming homes since 2020.
- Tatiana Golodbina, head of the Rosreestr administration for Krasnoyarsky Krai, underscored the importance of these programs in realizing the dream of homeownership, especially in the rural areas.
- In a move to further support rural development, the Russian government allocated 6.8 billion rubles in 2024 to maintain favorable rural mortgage rates and mortgages in rural areas.
- Investors should note that, over the past 5 years, rural mortgage agreements reached 16,228 across the region, with the largest number of agreements being recorded in Novosibirsk Oblast.
- To gain a comprehensive understanding of the rural mortgage programs' impact on the Krasnoyarsk region, including the Emel'yanovsky District, it's advisable to review local government reports, consult real estate data, and interview residents to gather more precise information, considering economic conditions such as the COVID-19 pandemic.
