The legislative mechanism is simple
The mechanism of the law is very simple: those who want to strengthen housing conditions open an account in specialized banks – Stroysberkasses – and begin to save money on them. To deposits – low percentage – not more than 2-3 % per annum. This provides a housing lending system created in the state, cheap “long” money. In order to increase the flow of customers to the Stroysberkasses, the state must accrue “premium” – add 20 % of the annual accumulation, no more than 14 thousand rubles – this amount was determined for the duration of the draft law. (Of course, now it can be increased taking into account inflation, the deputy stipulates.)
Due to this, the annual percentage of the deposit increases noticeably, and a citizen with an average salary has a chance to accumulate for the first fee for a relatively short period-only 2-3 years. Then the Stroysberkassa depositor receives a mortgage here at 5-6 % per annum, acquires an apartment in a house that developers participating in the program is being built, and for several years is calculated with the debt.
Also, under the bill, other state programs need to be involved in the Stroysberkass system – maternity capital, housing certificates for military personnel, and a program for assistance to young families. This will make affordable housing for many Russians.
However, as Dmitrieva states, this will not lead to a decrease in the average price of a square meter, since the cost of a “square” on the Russian market is formed due to excessive oil income, some of which are exported abroad, and the rest are invested exclusively in real estate. Nefteedollars, concentrated in the hands of a limited number of citizens, provide a real estate market for rising prices. And he, in turn, provokes inflation in the adjacent markets.