According to preliminary data, in June, the issuance of mortgages under preferential programs increased by 36.6% compared to May, reaching 578 billion rubles. This was reported by TASS With reference to materials from the Central Bank of Russia.
Compared with the same period in 2023, the figure increased by 1.8 times. Thus, the volume of concessional mortgages issued last June amounted to 323.6 billion rubles.
From July 1, 2024, preferential mortgages at 8% for new buildings in Russia will be discontinued. Read more about how this will affect the real estate market – In the material “socialbites.ca”.
Before that, the head of Sberbank German Gref statedThe concessionary mortgage should have been completed earlier. Then he is sure that there would not be such a huge imbalance in the market. Graf also compared the concessionary mortgage to addiction to stimulant drugs for the body.
Previously reportedBT said the limit on mortgages could be halved.