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Russians Buy New Apartments Built on Mariupol Ruins With 2% Mortgages
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![Photo of Katherina Popilnichenko]( "Photo of Katherina Popilnichenko")
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In the Russian-occupied port city of Mariupol, new apartment complexes are being constructed on the sites of destroyed residential buildings, with Russian citizens actively purchasing the real estate.
Under subsidized mortgage programs in occupied Ukrainian regions, buyers can secure loans at a 2% annual interest rate for the entire term, requiring a minimum down payment of 2% and capped at a maximum limit of 6 million rubles ($65,000), as reported by Deutsche Welle on August 15.
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According to reports citing local online chat channels, residents in newly built properties on Metalurhiv Avenue frequently coordinate furniture deliveries from Russia and discuss local schools and preschools.
Property buyers are reminded during document processing that holding Russian paperwork is required.
Economist Vyacheslav Shiryaev notes that buyers in these newly constructed buildings are predominantly arrivals from Russia, including security personnel, government officials, and military logistics workers.
He also pointed out that "there are also those who simply wanted to live near the sea, but cannot afford Crimea or Sochi."
Dozens of multi-story residential blocks are currently under construction across the city, many of which are already occupied. Russian banking statistics indicate that the occupied coastal city has led in mortgage loan volume, while local housing prices have grown by roughly one-third over the past year.
Addressing the construction standards of the new buildings, Shiryaev stated that "construction companies save on everything wherever possible, but at the same time demand sky-high prices."
Russian forces fully occupied Mariupol in May 2022 following months of heavy bombardment that targeted residential neighborhoods, hospitals, and civil infrastructure, resulting in thousands of civilian casualties during Russia’s full-scale invasion of Ukraine.
Russia planned to draw more than 113,000 people to occupied parts of Ukraine by 2045 under long-term development schemes for the temporarily occupied Donetsk, Luhansk, Zaporizhzhia, and Kherson regions.
Of that total, 67,100 people were expected to come through the master plans, and another 46,700 through the territorial planning projects. The plans included large-scale construction and infrastructure projects meant to anchor that demographic shift.
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-aaf60f6ee60f9d55fa18a246984c402d.jpg "The footage shows the result of Ukrainian attack onthe Kamensky Combine in Russia’s Rostov region. (Source: General Staff)")
