The situation with mortgage loans in Russia in 2025 may change for the better for borrowers. This is the view in an interview with RIAMO expressed financial advisor Anna Vedeneeva.
He admitted that next year the Bank of Russia will decide to reduce the key interest rate, which will make mortgage loans more affordable. The expert also reminded that government programs will continue to operate in the country. Moreover, according to him, the situation in the real estate market may also change.
“If the demand for housing remains high, this may lead to a rise in prices and, as a result, a rise in prices. On the other hand, if the market begins to cool down, this will allow borrowers to receive more favorable conditions,” Vedeneeva said.
In Russia, concessional mortgages at a rate of 8 percent have been abolished as of July 1, 2024. The country currently has “Family Mortgage” (6%), IT Mortgage (up to 6%), “Far East and Arctic Mortgage” (2%), “Rural Mortgage” (3%) and “Military Mortgage”. (conditions depend on the specific bank).
Formerly in the Federation Council accepted The emergence of new mortgage programs in 2025.
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Source: Gazeta
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