Russia's Mortgage Market Up 45 Percent

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Russia's Mortgage Market Up 45 Percent

3.01.2013 21:15

Photo Credit: http://russianapartments.bandcamp.com/

The number of mortgages deals in Russia has grown 45 percent against the 2011 figures.

According to Domus Finance company, everything third real estate deal involves a credit.

Experts point out that banks have both raised the interest rate and increased the average size of the loan.

Interest rates will continue to grow in 2013. Currently, consumers have to face an average rate of 12.2 percent, experts say.

Sources: http://lenta.ru

Author: Mikhail Vesely

Tags: Russian economy real estate in Russia apartments in Russia

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