Russian mortgage (housing loan) market 2021
Mortgage rates in Russia could fall below 9% in 2021. As it’s reported in “Izvestia”, referring to the statement made by the Deputy Minister of Construction Industry, Housing and Utilities Sector of the Russian Federation Nikita Stasishin, mortage rates could fall to 8,9-8,7%, and it will be the lowest value in the history of modern Russia.
Weighted average mortage interest rate: 9.1 APR
Minimal mortgage interest rate for resident individuals in the largest Russian banks:
Sberbank, VTB24, Gazprombank: 11% APR
You can use ipoteka calculator to calculate your monthly estimated mortgage payment.