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MIL OSI Translation. Region: Russian Federation –

In the Volgograd region, more than 300 servicemen of the Southern Military District (YuVO) purchased housing under the military mortgage program in 2021.

Of these, over 220 people became the owners of apartments in the secondary real estate market, about 20 took part in the shared construction of apartment buildings, about 60 servicemen purchased a residential building with a land plot.

The average area of ​​a purchased apartment in the secondary market was 55.9 square meters, the average area of ​​individual residential buildings with a land plot was 107.4 square meters.

The cumulative contribution per one participant in the accumulation and mortgage system (NIS) in 2021 was set at 299,081 thousand rubles. In this regard, every month in the current year, 24,923 thousand rubles are credited to the personal accounts of military personnel participating in the NIS from the budget.

The military mortgage, with which most Russian banks work today, is designed for military personnel who are members of the accumulative mortgage system for providing military housing. This program, which started in January 2005, was developed by the RF Ministry of Defense together with the Agency for Housing Mortgage Lending. With a military mortgage, a soldier can buy housing three years after the start of service. A feature of this program is that the state pays for the mortgage loan in full.

In total, during the operation of the NIS, servicemen in the Volgograd region have concluded more than 4 thousand transactions for the purchase of housing.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL OSI Russia News