According to the news on the newspaper’s website, Russian banks have started to reject citizens’ housing loans due to the Central Bank increasing the interest rate to 15 percent, which will affect the way they buy housing. “News”.
According to Tatyana Reshetnikova, head of the mortgage department of the federal company Etazhi, another increase in the key interest rate will not only reduce the availability of mortgage loans, but also activate alternative options for purchasing housing without the participation of credit organizations.
General Director of the real estate agency “City Realtor Center” Yulia Usacheva emphasized that in this way they sell objects that have been exhibited for a long time, for example, liquid apartments with large images.
Konstantin Aprelev, formerly Vice President of the Russian Association of Realtors saidHe said the Bank of Russia’s decision to ban Russians with consumer loans from getting mortgages was reasonable as it would help banks hedge their risks.
The Bank of Russia announced on October 30 that there is a ban on taking out a mortgage if you have a consumer loan.
Formerly Central Bank of the Russian Federation raised key rate up to 15%.