In the Sverdlovsk region, under the guidance of Denis Pasler, initiatives are being taken to aid families negatively impacted by dishonest construction developers.
In the bustling Sverdlovsk region, a growing concern has arisen regarding the escalating issues faced by homebuyers who have taken out preferential mortgages for private house construction. Reports of increased interest rates and bank commissions for late completions have been regularly surfacing in cities such as Revda, Polevskoy, Yekaterinburg, Kamensk-Uralsky, Asbest, and others.
Denis Pasler, the Regional Governor, has taken notice of these unscrupulous builder actions and has demanded an immediate investigation into the matter. The regional Ministry of Construction and Infrastructure Development has also offered assistance to victims of these unscrupulous builders, who are predominantly families with children, often large families, and those with preferential loans.
The Sverdlovsk region, known for its significant contribution to residential construction in Russia, has seen a rise in loans for private house construction since the expansion of preferential mortgage programs in 2022. However, the high mortgage rates and declining sales among construction firms have posed challenges in mortgage accessibility.
In a bid to address these issues, Denis Pasler has ordered a resolution at a government meeting on July 3. So far, 89 families have sought help due to construction delays and increased mortgage rates or bank commissions. Applications can be submitted to the regional Ministry of Construction and Infrastructure Development for help with law enforcement agencies, banks, and issue resolution.
The regional Ministry of Construction is currently compiling a list of victims of unscrupulous builders, and will count the number of affected large families and unreliable companies. It is recommended that anyone facing such issues should submit an application for assistance. Applications can be submitted in person, online at [email protected], or by scheduling an online appointment.
As the situation unfolds, it is crucial for homebuyers to stay informed and seek help if necessary. The regional Ministry of Construction and Infrastructure Development stands ready to assist those affected by these unscrupulous builders.
[References] 1. Regional Newspaper. (Date unknown). New clinics expected to open for Sverdlovsk residents. 2. Banki.ru. (2023). Mortgage lending in Russia: trends and challenges. 3. TASS. (2023). Sverdlovsk region seeks development and economic support from federal government. 4. Roscongress.ru. (2023). Investment opportunities in the Sverdlovsk region. 5. The Moscow Times. (2023). High mortgage rates driving Russian construction firms to bankruptcy.
- Denis Pasler, in acknowledgment of the escalating issues in personal-finance sector, especially regarding mortgages for private house construction, has ordered a resolution to be drafted at a government meeting on July 3.
- In light of the increasing number of families seeking help due to construction delays and increased mortgage rates or bank commissions, the regional Ministry of Construction and Infrastructure Development encourages all affected individuals to submit applications for assistance.
