Cheap mortgages have led to higher prices for apartments

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www.vsyako.netPhoto: Anton Vaganov / “Kommersant”

In Russia, cheap mortgage at 6.5% per annum has led to higher prices for apartments in new buildings. The national average square meter in April rose by 1.2 percent. This is stated in the study by the Federal portal “World apartments”, which is in the possession “of the Tape.ru”.

The cost per square meter increased in 53 cities out of 70, 15 fell and two remained unchanged. The average for all cities of meter in buildings is 60.6 per thousand. Leaders of growth of steel prices, Yakutsk, Murmansk, Nizhniy Novgorod, Krasnoyarsk, Vladivostok and Chita, where the increase was over 3 percent for the month. Price “square” in the primary market rose in April by 1.6 percent, and in St.-Petersburg — on 0,1%.

According to General Director Pavel Lutsenko, the launch of the program of preferential mortgage boosted demand, and “zeroing” the oil will cause buyers, as in all previous crises, to hide your savings in real estate. However, in some cities the buildings fell. From 1 to 3 percent fell the price per square meter in Magnitogorsk, Astrakhan, Kirov, Smolensk, Nizhny Tagil, Chelyabinsk, Ufa, Tula and Grozny.

In April the average rent for apartments in Moscow has fallen by almost 15 per cent over the March figure: from 53 thousand to 46 thousand rubles per month.

Earlier the President of Russia Vladimir Putin announced the launch of a discount mortgage with a rate of 6.5 percent. The limit of value of real estate acquired using such mortgage is three million rubles in the regions and to eight million in Moscow and St. Petersburg.

Video, photo All from Russia.

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