During his address to the Federal Assembly, Vladimir Putin instructed the Central Bank of the Russian Federation and the government to take measures to reduce
mortgage rates to 8 percent per annum. However, many experts doubt that the president's instructions will soon be implemented.
According to most experts,
mortgage rates will not 8 percent not only this year, but next year as well. An improvement in the macroeconomic situation and, accordingly, stabilization of the key rate of the Central Bank may slow down growth and even slightly reduce
mortgage rates, but not to 8 percent .
Head of Sberbank German Gref said that it is realistic to lower rates to 8 percent in 2020, but this year we should not expect a reduction in rates to such a level. According to him, Sberbank's rates are moving in line with the market trend. In the second half of 2019, the trend will change, and
mortgage rates will go down.
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