More costly mortgage promised to compensate discounts


Photo: Grigory Sysoev / RIA Novosti

Prerequisites for reduce mortgage rates in Russia yet, but in the short term partially offset rising housing loans will help the traditional new year discounts offered by developers. This is stated in the message of Agency “NDV-real estate Supermarket”, arrived in edition “”.

According to experts, after the September increase in the key rate of the Central Bank’s mortgages start to rise. In particular, interest rates on loans for housing lifted Sberbank and other major players in the mortgage market — “Gazprombank”, “absolute”, “URALSIB”, “Russian agricultural Bank”, “Sviaz-Bank”, “the House.of the Russian Federation”.

“The policy of lowering mortgage rates was based on expectations that the Central Bank will lower its key interest rate to six percent or even lower, say to non-controlling interests. — After raising the key rate a number of banks may try to quickly win back unreasonably fast depreciation of housing loans in the next six months mortgage rate some of our players may increase by 1.5-2 percentage points”.

In addition, the transition to project funding for construction projects will lead to a rise in the cost of the apartments themselves, experts say. However, they point out that in the next three months housing will be available at the prices of the first half of 2018 by providing holiday discounts by developers. “By mid-January, these opportunities have been exhausted”, — underlined in the message.

In early October, analysts of the center “Indicators of real estate market” (IRN) stated that interest rates on loans for the purchase of apartments in Russia in can grow up to “prohibitive” level of 12-13 percent per annum, if the key rate of the Central Bank will be increased to 10-11% (currently it is 7.5%).

New year promotion, providing the buyers of apartments discounts and gifts, usually begin in construction of residential complexes in November and December.

Video, photo All from Russia.


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