Min: Interest rates on mortgage loans fall below 10% in Russia - 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

Min: Interest rates on mortgage loans fall below 10% in Russia

MOSCOW, Dec 20 (PRIME) -- Interest rates on mortgage loans in Russia have contracted below 10% for the first time in the countryТs history, Economic Development Minister Maxim Oreshkin said on Wednesday at a conference.

УThe actual data shows that interest rates on mortgage loans have fallen below 10% for the first time in the Russian history. This contraction of mortgage rates provides positive prospects for growth of the sector on the background of a low debt burden of citizens and of the economy in general,Ф he said.

УThe construction sector has started its restoration. Those sectors that suffered the most, they depend on the economic cycle. As we see, demand for housing is growing, the mortgage market is going through a revival. This is one of the examples of how a switch to low inflation supports economic growth,Ф he said.

End

20.12.2017 11:27
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 72.5329 -1.0292 16 jun
USD 62.6851 +0.4340 16 jun
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1113.82 -0.29 12:50 18 jun
micex 2240.11 +0.12 12:50 18 jun
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 137.89 +0.12 12:34 18 jun
lkoh 4069.50 +0.36 12:34 18 jun
rosn 384.70 +0.38 12:34 18 jun
sber 210.51 +0.55 12:34 18 jun
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 73.4900 +1.0625 12:33 18 jun
USDTD 63.3400 +0.3275 12:33 18 jun