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Housing in new buildings may become cheaper in Russia

... minimum required package of documents will be worked out for the formation of an application for obtaining borrowed funds in various credit institutions. It is also assumed that testing of the new product will be carried out in the regions. According to Rifat Garipov, who is the chairman of the commission for project financing of the public council under the Ministry of Construction, the new instrument will also reduce the cost of housing. The proposed system can also contribute to an increase in competition between banks, which as a result, should have a favorable effect on the market.

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