In early 2006, the most optimistic projections were made from the mouth of RF State Duma Chairman Boris Gryzlov - 6,5% per annum by early 2008. Journalists chorus chuckled about these figures, but the official proved to be very accurate. In the summer of 2007, a number of banks offer loans at 7-9% per annum in foreign currency, there is a lending program new buildings at 8% per annum (which are actually subsidized by the developer). Meanwhile, First Deputy Prime Minister Dmitry Medvedev predicts further decline in interest rates on mortgages. "The refinancing rate in the Agency's mortgage and housing credit - 10,5%, hope that in a year or two it will be 8%. This rate will continue to decline, therefore, and the availability of mortgages will increase," - said Medvedev. Simultaneously, progress occurred in state banks, which are terribly cumbersome and slow to react to changes in the market.

For example, "VTB 24" reduced from 12 July the interest rates on ruble mortgage loans by an average of 2% on foreign exchange loans - at 1%. Ruble loan can take up to 30 years under 11-12,25% per annum for loans in dollars and euros - from 9,8-12% to 9-11,5% per annum. In addition, the Bank canceled an initial contribution in almost all major cities, where it is represented, including Moscow.

"Moscow Bank for Reconstruction and Development (IBRD) also lowered the rate on all programs operating in the construction phase (before the registration of property rights), the rate decreased by 1,3-3,5% in U.S. dollars and 1,8-3% rubles. To date, the rate is 12,5% per annum in U.S. dollars and 14% per annum in rubles with the zest of their proposal - the rate does not depend on the form of income verification, under construction or any other factors. Rate for loans on the secondary market decreased to 10,75%.

Promising to answer a future customer for an hour, "GE Money Bank offers a minimum rate of 9% per annum in foreign currency, which is also very good. Moreover, the bank is ready to write off the loan balance in case of force majeure. Technology forgiveness worked out and this can be a very important fact that will attract customers.

Meanwhile, the "Absolut Bank announces share, which he draws for free to customers who have received approval for a mortgage application, credit cards VISA Classic and VISA Gold and will no longer charge a commission for annual maintenance, opening and maintaining the loan account, as well as the introduction of cash the account. Credit for the Gold card is issued at a rate of 14% per annum in U.S. dollars and 16% in rubles card Classic - 18% per annum in U.S. dollars and 21% in rubles.

Since universal banks compete on an equal footing, specialized banks, attracting customers through the grace of insurance, for example, as "City Mortgage Bank. He offered customers a choice: to insure or not his life and ability to work effectively reducing insurance costs doubled (from 0,5%). The proposal is still being implemented in the form of the protest until the end of summer (when signing a loan agreement with the bank until the end of August 2007) for clients whose loan amount exceeds $ 500 thousand (12.5 million).

Another pleasant for a potential borrower's summer program in conjunction with developers offer "RosEvroBank": a loan of 100% of the cost of apartments in a newly built house. This amount can get borrowers who purchase an apartment for developers SU-155 "and" Building Progress ", as well as apartments in the homes builder" DSK-1 ", sold real estate agency" ABC Housing. When buying an apartment in the SU-155, the interest rate on mortgage loans decreased by 0.5% pa (for loans in U.S. dollars) and 1.5% pa (for loans in rubles). 12% in the currency for the new building with no down payment - not bad, just a year ago the loan (only with an initial contribution) was offered at a rate of at least 15%.

Observe tax nuance that occurs when a loan at a rate lower than the refinancing rate (currently 10.5%). Individuals must pay 13% tax on acquired material gain. Banks that offer low interest rates act as tax agents, respectively, are forced to pay this tax from the current account of the borrower.

For a summary

Activity of developers in the market defies the imagination - their ads appeared in virtually every post, her page was filled with even non-specialized media, it is in every other pop-up window on the Internet. The ninth month of stagnation forced to move very lazy and podnakopili financial zhirok. No Sales are recognized on the sidelines of realtors and developers. Will the game in the mortgage field to raise sales housing without reducing prices? Interesting question, however, experts believe the price correction, which occurred in the market are still insufficient to shelter in the capital was at least a certain number available for the middle class. Besides all of the proposed banking program does not practically affect the market of alternative exchange old for new housing. As has already been said a million times and it is written, it is an alternative to "rules" on the Moscow market.

In Moscow the prices are more affordable and the main demand to move to now there, according to AHML, 10% of transactions occur on the mortgage. Moreover, it is in this year are going to build 7 million square meters - and a half times more than in Moscow. Constructed housing, predominantly economy class, it is necessary to sell, and buyers in the market were not the richest. Mortgage or housing savings cooperatives - that's actually the entire range of loan schemes available to the buyers. Moreover, the mortgage itself (as required by law) for new buildings do not exist, but there is a loan under the assignment of rights claims. Typically, the loan is ready to give a related construction company bank.

There is a very high probability that the Moscow region will be the first region in Russia, where not just in word but in deed will be partially resolved that the most famous housing problem, which ruined the Muscovites. But at the same time - a region where the construction program under the "affordable housing" will be performed as close to the planned indicators - that is to say its volume will be doubled by 2010. And there is a chance that the proposal has finally will coincide with demand and will be wishing all new apartment at a reduced mortgage rate with all the nice addition, not only in the summer shares in banks.