According to experts' forecasts, by the end of 2020, average mortgage rates in Russia may reach a historic low. Banks will offer borrowers
mortgage at a rate below 7 percent per annum.
Today
mortgage is interesting for both borrowers and lenders, however, the former often do not have enough money for
buying an apartment, so the main offer on the market may be preferential
mortgage under the state-supported program. The share of such loans may grow up to half of the total volume.
secondary housing market, which is in demand. For the first three months of 2020, the share of "secondary" in the issuance of
mortgages amounted to approximately 70 percent.
In May, the average the mortgage rate on new loans fell to a minimum of 7.4 percent. The decrease is associated with the operation of the preferential
mortgage program with state support, under which the maximum rate is 6.5 percent per annum.
