This text is an automatic translation from Русский. It was generated by AI and may contain inaccuracies.
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This text is an automatic translation from Русский. It was generated by AI and may contain inaccuracies.
Read original →The Finance Ministry has clarified rules for obtaining a second family mortgage after the one-per-family limit takes effect in February 2026. Conditions for new families, interest rate forecasts, and impact on the real estate market.
The Finance Ministry told Argument Media that the one-subsidized-mortgage-per-family limit being introduced on February 1, 2026, does not prevent citizens from obtaining it again. The ministry addressed concerns people have about divorce and starting new families, emphasizing that special conditions have been established for repeat government support in such cases.
"The number of marriages is not considered when applying for a subsidized loan. To participate in the program again, the following requirements must be met. First, the previous subsidized loan must be fully repaid. Second, after the previous contract under any government program was signed, the family must have had another child (a new one). Taking out a family mortgage again is only possible if both conditions are fulfilled," the Finance Ministry press service added.
Currently, amid high key interest rates, subsidized mortgages serve as the primary tool supporting not only citizens but also the construction industry. In the nine months of 2025, Russia issued 2.65 trillion rubles in mortgages, with 83% going to subsidized programs. The main program is the Family Mortgage, which saw 271 billion rubles in September alone. Some experts believe the rule changes could negatively impact developers, but the president of the National Association of Builders (NOSTROY), Anton Glushkov, told Argument Media that the Finance Ministry's proposals should not give builders cause for concern.
"The Bank of Russia's cycle of key rate cuts is already having a positive effect on the number of equity participation agreements being signed. New construction sales in September increased by 14% year-over-year in volume and 9% in area."
According to Central Bank forecasts, the key rate could drop to 13-15% as early as next year. Market recovery may begin at precisely this level, when mortgage interest rates reach approximately 14-16% instead of the 21% observed today. And pent-up demand will lead to additional sales growth in the multi-family housing segment. This, in turn, will allow developers to more actively unlock escrow accounts and launch new projects, Anton Glushkov noted.