The Bank of Russia expects an increase in demand for
mortgage against the backdrop of continuing rate cuts.
According to the latest data from the Central Bank, in November last the average weighted rate on
mortgage decreased to 9.19 percent. At the same time, the total debt of Russians on loans for
purchase of an apartment at the end of the month amounted to 7.6 trillion rubles, an increase over the year by 16.4 percent.
"
Mortgage is growing well, rates are falling. We think that there will be some activation even of demand against the backdrop of continued rate cuts, - said Alexander Danilov, Director of the Banking Supervision Department of the Central Bank.
In September 2019, Elvira Nabiullina, Chairman of the Bank of Russia, stated that the growth rate
mortgage in Russia in 2020 may be about 20 percent. The head of Sberbank German Gref at the end of December predicted that the growth rate of loans for
purchase of an apartment by the end of 2020 would be 7-9 percent. He also expects further rate cuts on
mortgage. a href="https://www.gjacip.ru/ipoteka/">mortgages in Russia in 2020 may be about 20 percent. The head of Sberbank German Gref at the end of December predicted that the growth rate of loans for
purchase of an apartment by the end of 2020 would be 7-9 percent. He also expects further rate cuts on
mortgage. a href="https://www.gjacip.ru/ipoteka/">mortgages in Russia in 2020 may be about 20 percent. The head of Sberbank German Gref at the end of December predicted that the growth rate of loans for
purchase of an apartment by the end of 2020 would be 7-9 percent. He also expects further rate cuts on
mortgage.
