The era of near-zero mortgage rates is coming to an end. How reported RBC in the company Metrium, the developers began to offer mortgage loans to Russians at an annual rate of 3% as part of their program. Earlier, the head of the Central Bank, Elvira Nabiullina, said that the Central Bank is against various mortgage schemes from developers.
“The minimum rate of subsidized loans from developers has increased to 3%. Some companies offer customers programs at 0% for the construction period. But this is a kind of mortgage tranche (a scheme in which the bank gives a loan in installments to the buyer of the housing under construction and transfers the amount to the developer’s account – socialbites.ca). And it’s not a near-zero change. The number of subsidized programs may begin to decline from May, when macroprudential surcharges on low-rate loans will come into effect,” Metrium said.
At a press conference on Friday, Nabiullina said she plans to tackle the Central Bank’s high-risk mortgage schemes.
“As for the various mortgage plans from the developers, the cash-back tranche mortgages, we are definitely not happy with these plans, “who knows what”, as you say, I agree with that. We don’t just follow this system, [но] “We are ready to make a decision on this issue,” said the Central Bank Governor.
BCS World of Investments stockbroker Valery Yemelyanov told RBC that those who are considering a scenario for investing in real estate against the background of the collapse of mortgages with near-zero rates should consider something important. nuance. In other words, the expert pointed out that the loan interest should be lower than the rental rate in order to obtain a real estate investment return, and said:
Source: Gazeta
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