PERM, July 19 Authorities are monitoring the dynamics in the real estate market and are considering various alternatives to mortgages, one of which could be the savings and loan program, the vice-governor told reporters. Prime Minister Marat Khusnullin during a trip to Bashkiria.
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"We have extended preferential mortgages, especially for families, this is very important. More than a million <…> families received a family mortgage across the country. Let’s see how the dynamics will develop, because the rate is high, we pay a lot of extra money from the budget, it’s hundreds of billions annually, which we pay extra for each borrower,” he said.
According to the Deputy Prime Minister, the dynamics will be monitored for three months and if necessary measures are needed, they will be taken at the government level.
At the same time, Khusnullin mentioned the experience of Bashkiria, where the savings and loan program has been operating for a long time and successfully. In his opinion, this option can become an alternative to a mortgage.
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"Today we looked at how this program can be presented at the federal level. We’ll think again about whether changes need to be made to the legislation,” added the Deputy Prime Minister.
He also drew attention to the good results of Bashkiria in the field of housing construction and the annually increasing number of construction permits issued. 
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The next year, according to the Deputy Prime Minister, will be difficult for the construction industry due to the decline in mortgages, but we need to survive this period, reduce some expenses, carry out optimization and prepare for new growth. The authorities are not abandoning the national project “Housing” and plan to achieve a housing provision of 33 square meters per person, he concluded.
In early July, the family mortgage program was extended until 2030. It allows families with at least one child under the age of six to receive a loan of up to 12 million rubles in Moscow and St. Petersburg, Moscow and Leningrad regions and up to six million rubles in other regions. The borrower will be able to take out a larger mortgage loan — up to 30 and up to 15 million rubles, respectively — but for an amount exceeding the limit established by the state program, the market rate will apply.