Search

Russian government will consider the idea of purchasing real estate for retirement savings

... received a proposal to use the funds of pension savings for the purchase of housing and land plots by Russians, as well as the implementation of construction plans. The initiative was announced by major realtors, who hope to support the demand for real estate in this way. The idea is that a specially created large federal operator would deal with the issues of providing pension accruals of Russians at a small percentage, by analogy with a mortgage agreement. The payment period may last up to two decades or may last until person reaches retirement age. The authors of the initiative propose to set a reduced interest rate ...

Sorted by relevance | Sort by date