Bank DOM.RF: RussiaТs mortgage market falls by 15% in April - Construction & Real Estate - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Bank DOM.RF: RussiaТs mortgage market falls by 15% in April

MOSCOW, May 15 (PRIME) Ц RussiaТs mortgage market fell by 15% in April mainly because of the lockdown regime, CEO of Bank DOM.RF, the bank of Russian national housing development institution DOM.RF Artyom Fedorko said in an online conference on Friday.

УPreliminary data showed a slight contraction of the mortgage market. The mortgage market lost probably about 15% in April. This is connected to the lockdown regime in the first place and due to the difficulties of registration of these deals through multifunctional centers and the federal register, but the situation is improving now,Ф he said.

But Russian mortgages are now most affordable creating reasons to believe that the market will continue growing, he added.

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15.05.2020 16:35
 
 
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