The Ministry of Construction of the Republic of Tatarstan summed up the preliminary results in the real estate market

26 December 2023, Tuesday

A round table on the topic: "The game for improvement: what are the results of the real estate market ends in 2023" was held today in the Republican Ministry of Construction with the participation of representatives of banks and developers.  The event was attended by Deputy Minister of Construction, Architecture and Housing of the Republic of Tatarstan Ilshat Gimaev.

The Deputy Minister began his speech with information on the indicators of housing construction in the Republic of Tatarstan. "Despite all the ups and downs, the increase in the key rate by the Central Bank of the Russian Federation, Tatarstan is breaking its own records for housing commissioning. I can say that 3 million 439 thousand square meters have been commissioned in the republic for the first time in history as of the current date. Of these, 1 million 702 thousand square meters are individual housing construction and 1 million 737 thousand square meters of apartment buildings.

Over 10 months, the total amount of mortgage loans is 223 billion 630 million rubles, or 59 thousand 77 mortgage loans.  Of these, 81 billion 976 million rubles were issued under equity participation agreements, or 16,647 transactions for 10 months. "These figures are not final, they will be multiplied by the end of the year," Ilshat Gimaev said.

"Moreover, this week we are completing work with two problematic equity objects. Thus, by the end of 2023, issues on problematic facilities will be closed in the Republic of Tatarstan," the Deputy minister said.

All the tasks set by the President of the Republic of Tatarstan Rustam Minnikhanov under the state programs have been completed. "The finishing touches are left," he concluded.

In addition to construction issues, developers and representatives of banks discussed the situation on the real estate market, mortgage rates and housing prices at the round table. Also, developers and representatives of banks discussed the most popular loan programs among the population. In addition, the participants of the event expressed hope for an extension of the term of mortgage programs with state support.

At the end of the event, Ilshat Gimaev congratulated all those present on the upcoming New Year and wished them success in the new year.

 

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