The record number of mortgage transactions recorded in Moscow can be explained by the Central Bank’s decision to abandon mortgages at minimum rates and the expansion of the family mortgage program. Such an opinion in an interview with Lenta.ru expression real estate market expert, member of the Moscow Association of Realtors Konstantin Barsukov.
On May 17, it was reported that in January-April 2023 in the capital, Rosreestr signed 40,000 mortgage and housing loan contracts, the maximum for this period in all observation years.
The expert explained this with the policy of the regulator. As of May 1, the Central Bank has been struggling with zero-interest housing loans. raised risk premiums for home purchases The increase in appropriations became clear on February 20.
“Now we have announced that low subsidized rates from developers will be cut in May, and this fact is starting to affect the market starting the new year. That is, those who planned to buy a mortgage in May, took it in April and even earlier. Second, we expanded the family mortgage program,” said Barsukov.
red blood cell reportedthat after the decision of the regulator, the developers began to offer mortgages to Russians at an annual rate of 3%.
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: