In June, the Russian market of new buildings will experience a surge in demand for preferential mortgages due to the expected completion of the program. Recall that the preferential mortgage program in the primary market ends on July 1.
According to RIA Novosti, it is expected that the authorities will either change the terms of the program or curtail it.
“Demand for government-backed mortgages is growing at a record pace in May. If a few days ago the number of applications to banks for mortgages with state support was 25% more than in the same period of April this year, now the difference exceeds 38%. In comparison with May of last year, the number of applications has almost doubled,” said Regina Dydalina, executive director of the real estate company “Floors”.
Earlier, SP wrote that many experts believe that before the likely cancellation of the preferential mortgage program for new housing in Russia’s price will jump up to 15%.
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