Experts advise buying an apartment in a mortgage now

Experts advise not to wait for a further reduction in the mortgage rate and not to postpone buying an apartment with a mortgage. If you have found a good apartment and the bank has made an attractive offer for mortgage, don't wait for the weather by the sea. A new apartment is a great New Year's gift, because in December, developers launch holiday promotions and announce discounts.

Most Russian banks have cut interest on loans by buying an apartment after the Central Bank cut the key rate to 6.5 percent at the end of October. The basic conditions at VTB have been adjusted by 0.4 percentage points: now the most accessible mortgage there - 8.6% per annum, and you can refinance an old loan at nine percent. Rosselkhozbank lowered the base rate to 8.2% per annum, although only customers with a down payment of at least 20% can apply for it. It will be possible to purchase housing under construction from Raiffeisenbank's partners at 8.39% per annum.

In October, the head of the Central Bank, Elvira Nabiullina, said that the regulator was considering the possibility of a more decisive reduction in the key rate, and at the subsequent meeting it was cut by 0.5 percentage points , although before that it was reduced only by 0.25. At a meeting in December, the Bank of Russia may again reduce the key rate, and mortgages will continue to fall in price.

However, according to experts, don't wait with