Recently, the Internet has been actively discussing the news that Russians are offered to purchase rural real estate on a mortgage at 3%. Indeed, it sounds pretty tempting. However, everything cannot be so transparent. There are certain "pitfalls" in this situation.
Many Russians who want to exchange urban life for rural life can take housing at 2.7-3% per annum. In some regions of the country, individual citizens will be able to get a mortgage for only 0.1% per year. Housing by installments! More like fantasy than reality.
Most likely, in developed countries, such mortgage rates are normal, but Russians are used to harsh living conditions. Usually our citizens have to pay such a percentage that then they barely manage to make ends meet. At the same time, life does not stand still, for 15-20 years for which a mortgage is issued, a lot can change.
The program "Integrated development of rural areas" is valid for five years. Is there a guarantee that after a while the rates will not grow to prohibitive sizes? Today, banks give mortgages at 9%, and not at 3%, as stated. True, the state honestly promises to compensate 6%. Can you trust our state?
If reality coincides with the promises, then the conditions are quite favorable. For example, let's take a million rubles. We will build a decent house in the village for this amount (or buy a ready-made one).
The program says that housing should not fall under the definition of "dilapidated". You also need to confirm that you will be able to pay off the mortgage and give the first large amount - 10% of the loan taken - as a down payment.
In principle, the conditions are feasible. Such a program is useful for those who wanted to plunge into village life. It will also help current villagers to improve their living conditions.
There is one more nuance. To be able to take such a mortgage, you need to be registered outside the city or officially confirm that you are going to move to the village for permanent residence.
In general, the impressions of such a proposal are twofold. It is not completely clear whether this is a gift from the state or another financial trap.