Sberbank halved mortgage issuances by 8% per annum in July after the end of the subsidized mortgage program. This is stated in the message press service credit organization.
In July this year, Sberbank issued mortgage loans for 208 billion rubles, while in June, 415 billion rubles were issued.
“Housing loan growth is expected to slow after record issuances a month ago in anticipation of the end of the government’s concessionary programs,” the bank said.
Before that reportedRussian Prime Minister Mikhail Mishustin instructed the Ministry of Construction, the Ministry of Labor and the Ministry of Finance to work on non-mortgage instruments to improve the living conditions of young families and families with children, the cabinet said. The ministries must submit reports on the work carried out by September 1 of this year. Large families from August 8 to send Application for payment of 450 thousand rubles. to pay off the mortgage.
Previously known in Russia will analyze The impact of family mortgages on the market.