Echo of Moscow, 09/20/2012
The general director of the Agency for Housing Mortgage Lending Alexander Plutnik said that the volume of mortgage issuance will exceed 2 trillion rubles, and the number of families who will take a loan to purchase an apartment will grow to 1.2-1.3 million, Izvestia writes. In addition, next year, AHML (Agency for Housing Mortgage Lending) expects growth in housing construction by about 10%. “Mortgage will really become cheaper,” Maxim Maramygin, Doctor of Economics, says. According to him, the practice of reducing mortgage rates began in July. AHML believes that the boom in the market will occur because of falling rates, the growth of personal income, and the launch of the mechanism of state guarantees - the Fund for Co-investors Protection.