Mortgage rates in Russia could be reduced to 7 percent – Yugra-Inform Agency

mortgage rates could fall to 7-8 per cent by the year 2018-2019.

  
 

According to the first vice-premier of the Russian Federation Igor Shuvalov, this rate will be possible because the overall situation in the Russian economy will recover this time, according to newsru.com.

  
 

Recall before the collapse of the ruble in December 2014, the average rate on mortgages was 12.5 percent. After the jump rate of the central bank immediately to 17 percent mortgage rates at some banks have grown to 20 percent or more. Now there is a decline in mortgage rates by about 13 percent since the government began to subsidize these loans.