Preferential mortgages will continue to be in demand, but their prices will rise slightly after the possible decision of the Russian government to increase the minimum down payment from 15% to 20% and reduce the amount of subsidies for banks. About this “Radio 1” said Konstantin Aprelev, Deputy Chairman of the Russian Association of Realtors.
“Concessionary housing loans will become more expensive and the increase in the first installment will become the main obstacle in this process. But it seems to me that the increase in the rate will not change much, because the difference between the market mortgage, which is currently 14%, and the 8.6%, 5 and 2% available for new buildings – this will somehow change the situation. Still, preferred mortgages will be the driving force, and the majority of transactions will be fully preferred mortgages,” Aprelev thinks.
He also thinks that demand for preferential mortgage programs will be supported due to the risk that the Central Bank will raise interest rates. The expert noted that the current rate in the secondary market may lead to a decrease in secondary demand several times.
Mortgage broker Dmitry Rakuta previously connected The plans of the Russian government to tighten the conditions for issuing preferential mortgages, as the funds of the Ministry of Finance allocated for these purposes are exhausted by the end of the year.
before in Russia guess Noticeable increase in demand for preferred mortgages by year end.