"Housing Problem", tormenting millions of Russians since the Bolshevik Revolution, can be solved only in the presence of a variety of credit instruments, say respondents VIEW-Property market experts. At present he is one - the mortgage. Rates slowly but declining, but they can take much more. The website of the Central Bank of Russia reported that at the end of 2010, Russian banks issued mortgages on average by 12.6% per annum, while in January-September 2008, the average rate was 12.7%. Thus, judging from the reports, the stakes today are very close to a record low - 12.4% per annum, which was recorded just before the crisis in autumn 2008. "It must be remembered that the mortgage is our main" overclocking tool "for housing prices" To date, the record has grown and the volume of loans, according to CB: on banks' balance sheets is 1.1 trillion rubles of mortgage loans. In January-November 2010 these banks had issued loans worth 315 billion rubles, more than 2 times ahead of 2009 figures. According to the newspaper "Vedomosti", the proportion of loans overdue by more than one month to less than 9%. In this case the external welfare experts believe that this year's growth may slow due to a decrease in the supply of new buildings. Moreover, because of the expected growth rate of the Central Bank refinancing rate mortgage may also become more expensive. According Kreditmart the lowest rates today at the Savings Bank - 10.5%. Record the mortgage "field has been achieved through the powerful reserves of the bank and cancel the commissions that have cost the borrower additional 1.5-3%, says Real Estate Analyst-GLANCE company" Bureau of Information Support of investments "Victor Shcherbakov. "The reason for the return to the old-new rate on your mortgage can be considered, and the fact that by the third quarter of last year, most active banks back in the retail lending, where demand is recovering faster - says a senior partner at the consulting company" Troika-InvestIndeks "Alex Nikushkin. - In terms of reliability in terms of their loan benefits, the mortgage to any bank is safer, because "at hand" is credited housing. " Describing the situation in the mortgage market, the head of "Indicators of housing market» (IRN), Oleg Repchenko notes that loans are taken more frequently than during the crisis, but their size is small. "Mortgage lending in Russia did not become a classic, European, when people borrow from the bank under a small percentage of a large sum sufficient to purchase a home, and then pay off the loan over 20-30 years. When the Russian level rate mortgage for 20 years means three times the overpayment for housing. Therefore, the mortgage in Russian - this is a short-term lending. The borrower prepares a loan for 10-20 years, expecting to return the money in a year, after selling the old housing. In fact, people take a mortgage is not so much because of the lack of other sources of funding, how much for the sake of convenience: buying a flat on the bank's money, there is no rush to move and sell the old home. " According to AHML, almost 7% compared to 2009 and increased average loan size - from 1.17 to 1.25 million. Thus analysts HMLA believe that increasing the size of the loan reflects both the dynamics of recovery income. This is confirmed by data of Rosstat, according to which the January-October 2010 the real incomes of Russians by 4.3% higher than the corresponding period of 2009. "Mortgage lending in this country is still a kind of homegrown ... that is - says in an interview with LOOK-Real Estate Analyst stroykompanii" O.S.G. "Dmitry Lebedev. - Firstly, it is very expensive, and secondly, with "the barrier" as evidenced by the tax authorities of income, that is nonsense at the current level of economic development. On the other hand, the absence of other debt instruments, the banks extremely beneficial to expand the issuance of mortgage loans. We can therefore assume that this year will be the bankers offer loans on the secondary market, and new buildings can increase lending by banks in joint programs with developers. " According to director of the mortgage company "Miel New" Christina Hops, the results do show in 2010 the positive trend of mortgage transactions. In "Kreditmart" believe that in 2011, most likely, a significant reduction in rates does not happen, because today offers at rates almost reached pre-crisis levels. If you can count on the decline, it will be no more than 2% compared to 2010. "We should also remember that it is the mortgage is with us" overclocking tool "for housing prices - says LOOK-Real Estate CEO," Reserve Building Complex "Anton Dorofeev. - When it comes to choosing a successful, for the right moment, and when rates are low, and housing has not gone up, we should recognize the new year "the year of the mortgage": prices in 2011 for apartments and houses all the more unlikely to grow more than 10 - 15%, that is, will cost less than pre-crisis rates of 15-20%. The cheapest mortgage rate for Russia at the level of 10-12% can expect an new housing boom and strong growth in cost per square meter. "
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