The opinion that after the change in the conditions for issuing preferential mortgages in Russia, it became unprofitable to buy apartments in new buildings. About this in your Instagram-account written by realtor Erlan Azhibaev.
00:02 – 2 july
No down payment mortgages and other ways to buy housing without any savings
00:04 – 10 September 2019
The expert reassured potential new settlers about the increase in mortgage rates. “As I expected, developers in collaboration with the country’s leading banks in pursuit of market share are fighting for a client with even greater zeal than before,” Azhibaev said. “For many of them, the emphasis is shifted towards family mortgages, but even without children, you can still get favorable conditions.”
The realtor described several special marketing campaigns operating in residential complexes in the Moscow region. They provide, in particular, the opportunity to take out a mortgage at a reduced rate – from 1.1 percent per annum.
“That is, under certain circumstances, it is possible even now to correctly select not only the object, but also the conditions for its purchase,” the specialist concluded.
The conditions for issuing a preferential mortgage for the purchase of apartments in new buildings have changed since July 1, 2021. The loan rate is now 7 percent, the maximum loan amount is 3 million rubles for all regions. Until now, mortgages under the preferential program were offered at 6.5 percent, the maximum amount for Moscow and St. Petersburg was 12 million rubles, for other regions – 8 million rubles.