Only 20% to 30% of local residents can afford to buy a place, reports Petr Latyshev, Plenipotentiary Representative of Russian Federation President in Ural Federal District

‘Only 20% to 30% of local residents can afford to buy a place, even if you take into account the mortgage lending programs,’ reports Petr Latyshev, Plenipotentiary Representative of Russian Federation President in Ural Federal District.

This is why the experts from the Plenipotentiary Representation of Russian Federation President in Ural Federal District have already decided to analyze the price-forming mechanisms, and it is possible that the local government will spend more money on putting up economy class housing.