Shuvalov said that cheaper mortgage to 7% – NEWSru.com

The rate on mortgages in the years 2018-2019 can be reduced to 7-8%, according to First Deputy Prime Minister Igor Shuvalov.

“If our medium-term forecasts for inflation in 2018 are already a reality, we with you in the years 2018-2019 will see here are the interest rates on mortgage loans – 7-8%, it is all real, “- he said, speaking on Friday at the All-Russian Conference” The situation in the construction industry in Russia. ” It is reported by RIA “Novosti” .

– Deputy Prime Minister advised to accept the exchange rate fluctuations and to borrow in rubles

This bid will not be possible because the government will intervene and give the money to subsidize, so that the overall situation in the Russian economy will be different, Shuvalov stressed.

At the same time, according to him, the head of Sberbank and VTB President instructed to ensure the expansion of mortgage lending, reports Tass. “Gref and Costin received instructions from the president. They will work on the mortgage so serious that does not happen. For them it is a priority, the bet is not comfortable, but we were, it turns out, it is necessary to work with it now,” – said Deputy Prime Minister.

Meanwhile, the Ministry of Construction is negotiating with the Ministry of Finance about the possibility of expanding the volume of subsidized interest rates on mortgages in order to meet the requests of banks. This was reported on the results of the conference, Minister of Construction and Housing Mikhail Men.

He said that the board of directors of the Central Bank decided to reduce the key rate. He also recalled that the program provides for allocation of government subsidy of 20 billion rubles that will take out a mortgage for 400 billion rubles, while the banks were filed by 550 billion rubles.

“We are negotiating with the Ministry of Finance did not to reduce the interest rate from 12 to 11%, for example, and the expansion (volume) to cover all the needs. So far as possible I will not name, “- said Men, quoted by ” Interfax “.

Recall that in 2014 the average rate on mortgages was 12.5%, but after the December collapse of the ruble, and the jump key rate of the Central Bank, some banks have established mortgage rates 20% and higher . In March the government launched a program to subsidize mortgage rates fell and to 13-10% .