16:17 12.07.2016
(updated: 17:56 12.07.2016 )
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MOSCOW, July 12 – RIA Novosti Other banks may start reducing mortgage rates after the Savings bank, which since July 12, lowered the rate by 0.5 percentage points, according to experts polled by RIA Novosti.. At the same time, they noted that in the short term, demand for mortgages will increase slightly – by about 5%
According to the report of the credit institution, Sberbank to July 12, 2016 reduced by 0.5 percentage points on the basic rate. product mortgage lending rates are now a range of 12-14%. Sberbank said that the demand for mortgages continues to recover.
The wave reduction
The director of mortgage Center “Miel-New” company Tatyana Guseva believes that the decline in Sberbank rates could push other banks to the decision to lower interest rates on mortgage products. But a significant revision should not be expected, most likely, it will be in the range of 0,2-0,3%.
“It is also likely that it could cause a new wave of collaborative software developers and banks, as part of which customers will be offered even more attractive rates, often for the first 1-3 years it will be interesting for banks that their products have been more competitive, “-. indicates Gusev
on the real estate prices is clearly not affected,. since such measures are intended to stimulate demand, but do not change the price of real estate, concluded the expert.
at the beginning of June, when the Savings Bank announced reduction of interest rates on a number of its mortgage products, AHML noted that it is caused by the need to compete with other banks whose rate already at that time was lower. Thus, HMLA data, a number of leading banks offer mortgages with state rates ranging from 11.4% to 11.9%, while the Savings Bank rate was 12%. After declining rate mortgages with state Sberbank amounted to 11,9%.
The limited effect
Head Est-a-Tet sales department Valery Ruchy believes that the reduction in the rate of the Programme for small developers impact on the demand from buyers
There is a category of clients, rather small -. not more than 5% of total borrowers, who is the rate reduction will actually be able to stimulate the purchase of notes Ruchy. It buyers the most low-budget housing, which is not enough for a down payment of 20% under the program with the government or who want to use the maternity capital as a down payment, which is impossible in the program with the
“subsidized rates. In general, we forecast growth in demand for mortgages due to lower interest rates on the program of the Savings Bank of less than 5% “- sums up Ruchy
I agree with my colleague and chairman of the board of directors.” Best new building “Irina Dobrokhotova. “In general, in connection with the Savings Bank announced the decision, we expect a slight – about 5% -. Increase in the number of transactions, borrowers today are so practical that even the meager reduction in rates (at least 0.15%) may play a role,” – says Dobrokhotova .
the general director of the company “ABC Housing” Vladimir Kashirtsev expects that this move will increase the demand for mortgage primarily by young families, where the age of one of the spouses to 35 years.
Director Relations with the Civil public “MIC” Olga Nowicka noted that now the number of transactions on your mortgage does not decrease, the demand for mortgage products is maintained. “However, if we talk in the slice of the economy, mortgage lending at the moment can not be considered available to all state supports the development of mortgage lending, and we see the emergence of more profitable banking products.” – Added Nowicka
According to her,. over the next year or two there will be even more flexible mortgage terms. “However, if the rate was in the range of 7-10%, the mortgage was working more effectively”, – said Nowicka
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