The volume of mortgages in Tatarstan exceeded the pre-crisis level in 2014
The total amount of mortgage loans issued by Tatarstan banks in 2017 amounted to 66.4 billion rubles, which is significantly higher than the pre-crisis level in 2014, - said the deputy head of the Ministry of Construction of the Republic of Tatarstan Ilshat Gimaev.
"The main driver of the construction market is the mortgage, which today has a good tendency to reduce interest rates. This is due to the policy of the Central Bank, which systematically reduces the key rate and gives a positive signal to market participants to reduce interest rates, "said Gimayev during the round table of RBC-Tatarstan. The Deputy Minister noted the importance of joint work of banks and developers, thanks to which the residents of the republic improve their living conditions. "We need to pay tribute to the banks - everyone together with developers creates products that are not always available to others," explained Gimayev.
The Tatarstan Ministry of Construction, Architecture, Housing and Communal Services is hosting the RBC-Tatarstan roundtable "Mortgage in Tatarstan: Low Rates — are Great Opportunities?", Which is attended by heads of state structures, as well as representatives of leading construction companies and the banking community of Tatarstan. Among other things, experts are discussing the development of the construction market in the context of lower mortgage rates.