Experts believe that the introduction of commissions for developers for concessional mortgages should be considered as a search for opportunities not to shift risks to citizens. writes about this “Russian newspaper”.
Alexander Tsyganov, Head of the Department of Insurance and Social Economy at the University of Finance under the Government of the Russian Federation, said that Russian banks, faced with worsening working conditions, decided to share their losses with other participants, and not to the detriment of consumers. According to him, the Central Bank’s position was complicated by the adoption of a number of measures aimed at improving the quality of mortgage borrowers; This coincided with the decision to reduce the subsidy, which led to complaints from banks about worsening working conditions.
As noted by RG, some experts believe that the Central Bank is ignoring how households can survive in a period of high interest rates, at a time when citizens’ debt burden is increasing.
According to economist Andrei Barkhot, by tightening monetary policy, the Central Bank expects to reduce the lending growth rate and reduce the money supply, reducing inflation, while the characteristics of the housing market allow it to adapt to new conditions.
He believes that it is necessary to seek a compromise based on the sharing of losses among all participants, and not by increasing risks for debtors.
Before this, in the Central Bank report reportedIt was stated that by the end of 2023, the mortgage loan portfolio in Russia reached 18.2 trillion rubles, showing a record growth of 34.5%.
Formerly Central Bank of the Russian Federation raised key rate up to 16%.