Preferential mortgages are coming to an end: what will happen to the real estate market
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On Thursday, February 8, at 13:00, there will be an exclusive live broadcast from the MK press center, dedicated to the current situation in the real estate market and the prospects for mortgage programs.
Top Russian banks, representing 85% of the mortgage market, may lose government subsidies for housing loans with state support. Previously, a number of financial and credit organizations introduced additional fees from developers for each preferential borrower, causing a scandal in the real estate market. The Central Bank, in turn, said that developers can pass on additional costs to buyers by increasing housing prices. For this reason, the rules for allocating limits to banks to support mortgages at government rates are at risk of changing.
Can subsidies be redistributed in favor of banks that do not charge a commission from developers for each home buyer receiving a preferential mortgage? Will banks cancel the commission? How will demand for mortgages change and what will happen to real estate prices in 2024?
This and much more will be discussed by: the head of the mortgage committee of the Moscow Guild of Realtors, Konstantin Barsukov; financial expert, author of the Telegram channel “Economism”, Alexey Krichevsky and chairman of the board of the Confederation of Consumer Societies, Dmitry Yanin.
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