yesterday evening, was published the decree of the Russian government to subsidise mortgages at 6.5% per annum. At this rate the Russians until November 1 will be able to get a mortgage on the apartment building. The size of the credit in Moscow, Moscow suburbs, St.-Petersburg and Leningrad region is limited to 8 million rubles, in other regions – 3 million rubles. The initial payment shall be not less than 20%.
Preferential rate of 6.5% will run for the whole period of the mortgage, but not more than 20 years. Realtors predict that this will spur many Russians, who postponed the purchase of an apartment in the mortgage, and prostimulirujte construction market.
At the same time, not all buildings will fit under preferential terms, if the buyer is only 20% of the cost of housing. In Moscow, for example, apartment price to 10 million rubles is only 45 percent of the buildings. In the rest of the prices are higher, and therefore, preferential mortgages need a downpayment more than 20%.
“In Moscow in the first quarter of 2020 the average cost of apartments in new buildings of economy and comfort class was 10.9 million rubles, which is significantly above the limit of the amount of the mortgage loan. That is to purchase an average apartment in the program of subsidized mortgage will need to make a down payment of 27% of the cost of such apartments,” calculated in “Historical”.
At the same time in the Moscow new buildings, you can also find and at a price of 6 million rubles, so that no choice Muscovites with small amounts of money for a down payment will remain. Budget for the capital standards of the builders offer apartments in residential complexes in different districts of Moscow, including the West Degunino, Khovrino, Pokrovskoe-Streshnevo, Nagatinsky Zaton and others.
