Here is a specialist’s opinion on what the authorities, banks and developers should do to increase the availability of housing loans in Russia.
Asya Levneva, Director of the Marketing and Sales Department of Baltiyskaya Zhemchuzhina CJSC, comments:
To increase the availability of mortgages, it is necessary to reduce the key rate. They have not yet come up with a better tool to stimulate demand for mortgage loans than reducing their cost. Obviously, high loan prices reduce their availability. Banks cannot lower mortgage rates until the Central Bank’s key rate decreases. Therefore, we have to invent new ways.
Now, due to the tightening of monetary policy by the regulator, mortgage rates have become prohibitive, especially in the secondary market. At the same time, many buyers of housing in new buildings used funds from the sale of existing housing to repay the down payment. Now it has become very difficult to sell it, as well as to save up for the initial payment yourself.
Alternatively, you can reduce the initial payment or offer a higher percentage on housing deposits so that potential buyers benefit from using this tool to save money for a contribution. Perhaps the banks themselves will be able to partially subsidize housing deposits, if we are talking about buying an apartment in projects they finance and subsequent mandatory mortgage lending in a particular bank.
Theoretically, it is difficult to reason here, economic calculations are necessary. Only with their help can we determine how to make a mortgage product more attractive and affordable to consumers without compromising the profits of banks and developers. And is it possible in the current conditions of over-indebtedness of the population, risks of non-payments and high business costs.
News on this topic on December 11, 2023, This will be the result of the fact that banks will continue to fight for solvent borrowers.
Источник: www.novostroy.su
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