First Deputy Chairman of JSC Sberbank of Russia, Alexander Vedyahin forecasts decline this year, rates on residential mortgages to 16%.
"If we overcome the rate of 20%, then the prospect of the end of the year - 16% for the class of" medium "and" average plus "- said the expert. He said that today the average rate on residential mortgages is 18-20% and the average effective rate - about 20%, writes the correspondent.
Vedyahin noted that this year will also be expected to reduce down payment for home purchase, from 40-50% to 25-30%. In addition, according to him, waiting for borrowers to simplify procedures for obtaining a mortgage loan.
Vedyahin added that the pre-crisis approach to lending will not be, but it will not and so rigid as in 2010. The expert believes that the mortgage will be developed in the segment average and average plus segments of the housing cost 300-700 thousand dollars, max - up to $ 1 million
According to Vedyahina, banks are not willing to lend to lower housing segment.
It was reported that in 2010 the conditions for loans to purchase real estate significantly improved: the number of bank loans increased more than threefold, and average rates on certain terms have fallen by more than eight percentage points. Nevertheless, the value of the minimum advance payment of 30% on your mortgage remains the same.
Earlier, the head of department of strategic development and marketing of retail business FUIB Valery Patsuy told about the pace of mortgage lending next year. So, according to experts, the development of mortgage lending in the next year will be quite fast, but definitely talk about this peak, which was in 2007 - 2008 years, it is not appropriate.