The decline in approved mortgage transactions after the abolition of the mass concessionary program in Russia is not a tragedy, but the decline cannot be avoided. This was stated by the head of Sberbank German Gref at the Financial Congress of the Central Bank. DEA News.
“The decline in search results is very clear [ипотеки] “The will. So far we don’t see that these results are going to be very significant,” he said in response to a reporter’s question.
At the same time, Gref added that the June issuances will definitely not fall, as Russians are trying to “get in the last car” and get mortgages with special conditions.
“I don’t see any tragedy, but I think the situation will be difficult in the second half of the year,” the head of Sberbank said.
He also concluded that Russia still maintains a government program of targeted subsidies, primarily for family mortgages.
In Russia, on July 1, the program of collective preferential mortgages at a rate of 8% for the purchase of primary housing ended. The state program was launched in April 2020. Initially, its validity was calculated until November 1, 2020, but the Council of Ministers extended the program four times.
According to economists and analysts, Respondents Market mortgage rates will start falling in 2025, socialbites.ca reports.
Previously Graf compared privileged mortgage dependent on stimulant drugs.