Photo: AGN “Moscow”
In may 2020, the Russians have issued mortgages totaling 205 billion is 8 percent more than in the same period of 2019, the report said “House.of the Russian Federation”, arrived in edition “Tapes.ru”.
Citizens were able to buy housing despite existing in many cities of the country to the regime of self-isolation: a total of 87 banks issued thousands of housing loans (plus 1.4 percent by may of last year). These indicators attest to the recovery of the Russian mortgage market after a sharp fall in April, experts say.
“The main driver of growth of issuance in may was the program of preferential mortgages for apartments at 6.5 percent, launched on behalf of the President of Russia. In may it accounted for about 20 percent of all mortgage loans”, the report States.
Earlier it became known that Russia has resumed a trend to reduce the price of housing loans observed before the pandemic. Banks began to reduce rates on their own programs. From 20 may, in particular, did the banks “URALSIB”, “Home.of the Russian Federation”, “Opening”, Sovcombank, Russian agricultural Bank, Sberbank and Gazprombank.
Video, photo All from Russia.