According to Putin, international experience suggests three ways of solving the housing problem, and mortgages are one of the most promising ways. The second way is long-term renting. "We have no right to forget about those who use social housing. Its maintenance is a must for the authorities," said Putin.
He laid particular emphasis on mortgages. "Even in the most developed nations, straight-away housing purchase is hardly realistic. Housing is usually mortgaged for 10-12 years. Now we have such an opportunity too, but mortgages and their terms are still unaffordable for the majority of citizens. We need a complex package of laws to launch an affordable housing market," said Putin.