Siberian company with an international name CMP, real estate news, mortgage news

Phuket is one of the world leaders in the development of resort housing. What keeps the success of the local real estate market? Year-round season, multi-million tourist flow and low housing costs.

In the main resort city of Thailand, Pattaya, by 2021 it is planned to introduce more than 1,100 new condotels - condominium complexes in the form of a hotel.

The average age of Russians who buy apartments on credit dropped to 36 in 2019. Five years ago, the average age of Russian mortgage borrowers was 40 years.

Dubai recorded the highest annual volume of transactions in the history of the Dubai real estate market. In the year to November 2019, 44,590 housing transactions were concluded.

The weighted average rate on mortgage loans for the purchase of an apartment in Russia in November reached its lowest level over the past two years - 9.19 percent.

In Dubai, the construction of the world's largest 3D object, which is a two-story office, has been completed.

According to Russian Deputy Prime Minister Vitaly Mutko, the average mortgage rate for the year will be about 10 percent.

The real estate market in Turkey continues to flourish largely thanks to the Russians. In November 2019, Russian citizens bought 300 apartments and houses in Turkey.

According to the head of Sberbank German Gref, in 2020 Russia will continue to reduce mortgage rates. Growth in the issuance of mortgages by banks will be 7-9 percent.

To date, the share of condotels in Phuket already exceeds 30 percent of the total number of new hotel rooms.

In November 2019, the Rosreestr Office for the Irkutsk Region registered 599 agreements for participation in shared construction. 68 of them were issued using escrow accounts.

In the first 11 months of 2019, more than 64.8 thousand mortgage loans for the purchase of an apartment were registered in Novosibirsk. Compared to the figures for 11 months of 2017, the number of registered mortgages in 2019 increased by 7 percent.

The Bank of Russia lowered the key rate for the fifth time in a row - to 6.25 percent. Considering that the Central Bank may take a break with the key rate, the next two weeks are the best time to buy an apartment.

Russian Prime Minister Dmitry Medvedev approved a resolution on the terms of the Far Eastern Mortgage program for young families. The program provides for the issuance of loans for the purchase of an apartment at a rate of 2 percent for a total amount of up to 450 billion rubles.

The head of Sberbank German Gref said that now is the "golden time" for mortgages on the market, as interest rates and inflation are falling.

Dubai ranks 13th in the world in terms of infrastructure investment attractiveness.

Mortgage rates in Russia over the past two years have fallen to their lowest levels, currently a loan to buy an apartment can be taken at 9.4 percent per annum.

Sberbank will reduce interest rates on mortgage loans for the purchase of an apartment for military personnel by 0.4 percentage points to 8.8 percent per annum.

At the end of 2019, the volume of investments in real estate in Russia will increase by 1.4 times compared to the value of the previous year and will reach about 250 billion rubles.

The average mortgage offer rate for the purchase of an apartment in a new building from 15 largest banks in Russia is 8.96 percent.