photo JustMedia
According to the forecasts of Russian banks, mortgage rates will fall below 10% by the end of the year, Izvestia writes..
As reported, August 10, Sberbank reduced interest rates on the purchase of new buildings and apartments in the secondary market by 06, -2 percentage points.
VTB Group, which occupies 22.9% of the market, on August 17 also reported a decrease in rates: new buildings can now be taken at 9.7-10.
From the data of the Bank of Russia it follows that the rates are currently record low. "Zvezda" TV channel informs that if in June the weighted average rate on ruble mortgage loans was 11.11%, by the end of the year it will fall below 10%.
It is noted that large Russian banks expect that lower rates will increase demand for mortgages in Russia to record values.
As reported, Russian Prime Minister Dmitry Medvedev previously instructed profile agencies to explore the possibility of lowering mortgage rates.