the Program of preferential mortgage instructed to run last week President Vladimir Putin. By its terms, at a rate of 6.5% (till this level it will subsidize the state, now the average rate on the market about 9%) you can only get a mortgage for a new home comfort class. The cost of a home purchase at a low rate for Moscow and St. Petersburg will be limited to 8 million rubles for other regions – 3 million rubles. For such mortgage it will be possible to apply until November 1, 2020, but the low rate would apply the entire loan term.
the Share of mortgage lending in the economy is not too big, the recognized head of the Bank of Russia Elvira Nabiullina.
But mortgage solves the problem of housing affordability and makes a significant contribution to the development of the economy, said the head of the Central Bank. “In this sense is very important those actions, those decisions that were announced to support the mortgage market President, and will support the mortgage market”, – she said. Nabiullina added that the Central Bank sees an increased first mortgages, but these measures are justified by the growing risk.
the Largest banks are willing to participate in the program. Sberbank will participate after the program was adopted by the government and it began its work, reported the Bank press service. Important will have the final terms of the program, the highlight of ROSBANK. VTB Bank has already started to accept applications for mortgage at 6.5% – an initial payment in the framework of VTB will start from 20%, according to the Bank.
According to estimates by the HOUSE.The Russian Federation, in the sound options in 2020 will be issued 250-300 thousand credits, which will create additional demand for housing with a total area of about 15 million square meters. In total, the industry will attract about 1 trillion of the banking system and citizens. With more than a third of them will return in the future to the budget in taxes, says head of the analytical center of the HOUSE.RF Michael Goldberg. The program is able in a short time to boost sales by 20-25%, says Director of marketing and product development GK “A101” Dmitry Colors. “This measure can have a stronger social effect, if preferential rate you will receive on the program of refinancing of existing mortgages,” he said.
a Radical reduction in the cost of the loan expands the audience of banks and the time limit prostimulirujte people to act quickly. “At the same time, policy underwriting, banks have tightened, and raises the question of the willingness of lenders to issue mortgages at a low rate in a crisis, job losses and falling incomes”, – said the commercial Director of the group “homeland” Ksenia Yuryeva.
“In Russia as a whole growth in the volume of home sales will be about 10% – according to the development company “Talan”. Acceleration of the conversion of a potential buyer to shareholders even by 1% will reduce e��mesechnye costs of marketing the Builder is 7%”.
a Similar program of subsidizing of rates of 2015 was the impetus for the development of the primary real estate market, but not immediately, said managing partner of the company “Metrium” Maria Litinetskaya. But with restrictions on the amounts in the current release of the borrowers in the cities will be cut off, says Deputy Director General of the company “Unistroy” Iskander Yusupov. So first of all, it can become relevant in small towns, he admits.
