The Russian Federation Council proposes using preferential housing loans to curb population outflow from local regions
Anatoly Altamontov, Chair of the Budget and Financial Markets Committee of the Russian Federation Council, said in an interview with TASS that the extent of mortgage preferences should be differentiated according to regional residents' income levels.
The policy aims to retain local populations by enabling them to purchase homes and settle down locally, thereby reducing the number of people moving to megacities like Moscow for work and residence.
Altamontov stated that mortgage support policies must balance two objectives: reaching a broad segment of the population and addressing real national challenges.
He noted that even some regions with industrial and mining enterprises and natural resources continue to experience population decline; preferential mortgage policies could effectively stabilize the local resident population.
Altamontov cited Vietnam as a reference case: Vietnam has achieved stable population growth through differentiated preferential mortgages, with loan interest rates set based on household income levels—higher for high-income groups and lower for low-income groups.
Original source: toutiao.com/article/1867571284760588/
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