The Bank of Russia has proposed an approach to introducing quantitative restrictions on mortgages starting from July 1 of next year. This has been officially stated website regulator
The Bank of Russia wants to limit the issuance of mortgage loans for a period of more than 30 years, since in the current year the share of such loans in issuance increased from 10% to 20%. In addition, for mortgages issued for the purchase of housing under construction, stricter conditions for down payment may be introduced, taking into account the fact that the difference between prices in the primary and secondary market remains.
November 7, KEY CAPITAL General Manager Olga Guseva statedIt was stated that the demand for housing loans decreased by 53 percent in the three months after the abolition of privileged housing loans in Russia. Borrowers’ demand for houses under construction has dropped significantly.
A day ago Central Bank of Russia warned The possibility of a new interest rate increase is very high.
On October 25, 2024, the Central Bank increased the key interest rate from 19% to 21% for the third consecutive time in a year. This is the maximum rate in the last 22 years; In 2002, the refinancing rate of the Bank of Russia was 21%.
Experts allowed further increases in interest rates on deposits and loans. According to their estimates, deposit interest rates may reach 23-24 percent by the end of 2024. Rates on consumer loans will be 21-33%, and rates on mortgages will be 22-29%. More details material “Newspapers.Ru”.
Putin before instructed Increase mortgage payments to extended families in the Far East.
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Source: Gazeta
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