The authorities have promised preferential mortgage recipients “far Eastern hectare”

The recipients of the “far East of the hectare will be able to count on a preferential mortgage. About it in interview “RIA Novosti” said Deputy Prime Minister, Plenipotentiary representative of Russian President in far Eastern Federal district.

“The new law came out, we now will all the tools for its implementation to collect, including a mortgage”, — said Trutnev.

According to him the rate on the mortgage is scheduled to set at 4% per annum. He stressed that already have a corresponding agreement with the Agency for mortgage lending.

The Federal law “About features of granting to citizens of land plots in state or municipal ownership and situated in the territories of constituent entities of the Russian Federation, members of the far Eastern Federal district” was signed by President Vladimir Putin on 2 may 2016.

The law assumes that every citizen will be free to the far East one hectare of land which is in state or municipal ownership. The plot will be provided for free use for five years. Then it will be possible to arrange to rent or to own. Thus, land can be withdrawn if it is not to be used.

Received free plots can not be sold, leased or transferred to foreigners, stateless persons and legal entities, whose authorized capital has their share or the share of foreign companies.

Free hectare can be obtained in Yakutia, in Kamchatka, in Primorsky and Khabarovsk territories, Amur, Magadan and Sakhalin regions, Jewish Autonomous region and Chukotka.