The Central Bank expects
mortgage rates to continue to decline. At the same time, it is quite possible that the uncertainty in the economy will contribute to a drop in the population's demand for loans for
purchase of an apartment.
The main reason for lowering rates is state support for
mortgage lending, combined with attractive programs of individual banks. The cut in the key rate that took place in June also played its role.
The head of the Central Bank, Elvira Nabiullina, announced at the end of June that the average rate on
mortgage in Russia fell in May immediately to 0,
