Issuance of
mortgage loans for
purchase of an apartment a> in Russia in January amounted to 180-190 billion rubles. This is 8-13 percent more than in January 2019.
In quantitative terms, 75-80 thousand loans were issued last month at
buying an apartment, which is approximately on the same level as in January 2019. After another reduction of the key rate of the Bank of Russia to the level of 6 percent, the reduction of rates on
mortgage will continue.
Head of the Central Bank Elvira Nabiullina, after the decision of the regulator to reduce the key rate to 6 percent, said that although
mortgage rates in Russia have already reached a historic low of 9 percent, this is not the limit, and there will be a further decrease.
Experts expect that in the first half of 2020
mortgage rates will drop to 8.7 percent, the target level of the national project "Housing and Urban Environment". The average market offer rate in the primary market fell to 8.85 percent in January, and to 9 percent in the secondary market. At the same time, if monetary policy easing by the Bank of Russia continues, mortgage rates in 2020 may fall below 8.5 percent for the first time in history . rates in Russia have already reached a historic low of 9 percent, this is not the limit, and there will be a further decrease.
Experts expect that as early as the first half of 2020
mortgage rates will drop to 8.7 percent - the target level of the national project "Housing and Urban Environment". The average market offer rate in the primary market fell to 8.85 percent in January, and to 9 percent in the secondary market. At the same time, if monetary policy easing by the Bank of Russia continues, mortgage rates in 2020 may fall below 8.5 percent for the first time in history . rates in Russia have already reached a historic low of 9 percent, this is not the limit, and there will be a further decrease.
Experts expect that as early as the first half of 2020
mortgage rates will drop to 8.7 percent - the target level of the national project "Housing and Urban Environment". The average market offer rate in the primary market fell to 8.85 percent in January, and to 9 percent in the secondary market. At the same time, if monetary policy easing by the Bank of Russia continues, mortgage rates in 2020 may fall below 8.5 percent for the first time in history .
