Will there be no preferential mortgages on new buildings in 2023?

Yes, this possibility is not excluded by the Central Bank. Mortgages on new buildings were an anti-crisis solution, and now banks do not see the point in it.

"If the preferential mortgage runs out, demand may shift to other mortgage programs, such as family mortgages," said Alexander Danilov, Director of the Central Bank's Department of Banking Regulation and Analytics.

There is also a high probability that the subsidised mortgage will also cease to operate from 2023.

But there is also good news: all this means that during December you can buy an apartment in the "Svetliy mir" on favourable terms:

- for subsidised mortgages, the rate starts from 0.1%, and for preferential mortgages – from 6.3%;
- initial payment – at least 15% of the apartment price;
- the maximum mortgage term is up to 30 years.

Please contact our specialists at our sales offices or by calling 8 (499) 777-20-20.