After the decision of the Central Bank of the Russian Federation to increase the key rate, the demand for preferential mortgages in Russia increased significantly. In August, the number of consultations on government programs for the purchase of new buildings increased by 40%. The newspaper writes about it “News”Tatyana Reshetnikova, referring to the deputy head of the mortgage department of the company “Etazhi”.
According to the company’s experts, many Russians planning to buy a house hastened their decision for fear of further increase in loan interest rates.
“Including began actively selling secondary housing and taking out a mortgage for a new home. Plus, those who decided against the backdrop of an unstable situation with the ruble exchange rate to invest their savings in real estate, including the attractiveness of funds borrowed under preferential mortgage programs, became more active in the market, ”says Izvestia newspaper Reshetnikova, saying:
The conditions of preferential government programs have not changed to date, unlike standard banking products. However, analysts predict that as banks adjust to the increasing key rate, demand for loans to buy “secondary” will decrease.
In the extraordinary meeting of the Central Bank on August 15, accepted The decision to raise the key rate from 8.5% to 12% per annum to reduce inflation and depreciate the ruble. Financial institutions since August 22 beginning Increase mortgage rates by at least 2%. Experts have calculated that such an increase in the rate will lead to an increase in monthly loan payments of about 13%, and the overpayment for a loan will increase by almost a quarter.
an expert before judicial The main danger of preferential mortgages.