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The Agency for Strategic Initiatives conducted a study on the rate of accumulation of funds for housing and the quality of housing conditions in the regions of Russia.
The fastest way to save for an apartment is in the Murmansk region. Based on the results of the study, this conclusion was made by the Agency for Strategic Initiatives (ASI), RIA Novosti reports.
According to ASI, it takes local residents an average of just over nine years to save for an apartment. A similar period is required for residents of the Nenets and Yamalo-Nenets Autonomous Okrug.
In addition, the agency found out which regions provide the best living conditions. Among the leaders in the ranking were St. Petersburg, the Belgorod region and the Moscow region. Following them in the ranking is Tatarstan, and the Murmansk region again closes the top five.

The third season of the national student competition “Improvement!” has started in Russia. Until October 15, architecture students can propose ideas for improving parks, embankments and squares to receive cash prizes and internships.

According to the ASI analytical report, based on the National Quality of Life Rating, the minimum period for saving for an apartment is observed in the Murmansk region, Nenets and Yamalo-Nenets Autonomous Okrug - just over nine years. The leaders in the overall level of housing conditions are St. Petersburg, the Belgorod and Moscow regions, the Republic of Tatarstan is in fourth place, and the Murmansk region closes the top five.

A resident of the Moscow region lost her funds and her house under construction after the bank approved a mortgage for individual housing construction through an accredited but actually unreliable developer who is already serving time for fraud.

According to Banki.ru, women in Russia for the first time have surpassed men in the number of mortgage applications. Experts attribute this to the use of maternal capital when obtaining a family mortgage.

The Ministry of Construction held a meeting with developers and banks, demanding that they mobilize resources to fulfill obligations to buyers amid problems with one of the largest developers.

The birth of a second and subsequent child will allow Russians to reduce the rate on their family mortgage without moving to another bank and applying for a new loan. State Duma deputy Alexander Aksenenko named a way to reduce the percentage.