Mortgages on suburban real estate market is becoming an attractive

08.04.2011 12:23
Articles about real estate | Mortgages on suburban real estate market is becoming an attractive Mortgages returned to the market town real estate (we are talking about big budget organized townships, located mainly in western areas of Moscow region. That is, business class and above), but its further development is impossible without solving ryadya institutional issues.

This meeting was dedicated to journalists director of the department of private and corporate lending company Penny Lane Realty Roman Stroilov.

Related article: Demand for suburban market in Russia is approaching pre-crisis

According to the expert, strategic development of the mortgage on a suburban real estate market hampered by a lack of secondary market mortgage lending and the inability to land and housing estates located on the lease lands. Among the current problems of suburban mortgage Roman Stroilov calls a limited supply of services, high interest rates and the opacity of the market. "It is unclear why the presidential and government initiatives in the field of low-rise construction does not apply to the commercial market of cottage building" - he said.

The company notes that the major players in the country real estate loans are banks: Nordea, RosEvroBank, Sberbank, VTB 24, UniCredit, Gazprombank, the Renaissance, Uralsib and OTP Bank. According to Penny Lane Realty, the average interest rate decreased from 16.4% in 2010 to 15,7% in I quarter. 2011. Credit institutions are once again account for income on a bank certificate and review applications in an average of 5 days. The most popular loan volume to date is an amount of 1.5 million dollars for 15 years.
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