Ministry of Construction, Architecture, Housing and Communal Services of the Republic of Tatarstan

The head of Ministry of construction of the Russian Federation asked the Central Bank to control the growth of rates on mortgage.

11 August 2014, Monday

The Ministry of construction and housing and communal services are worried that banks are beginning to raise the rate on the mortgage, and asks the Prime Minister Dmitry Medvedev to pay attention to the Central Bank. The mortgage rate for the first half amounted to 12.2%, which is slightly lower than last year (12.3 per cent).
"But market participants are worried about the fact that a number of banks begins adjustments. Today large banks still keep the situation, but the number of small banks begins to adjust (bet) upwards", - said the head of Ministry of construction, Mikhail Men today at the meeting with the Prime Minister.
Medvedev has promised to give such instruction to support the development of mortgage lending informed RIA "Novosti".
Men also confirmed that in the sphere of mortgage notes positive dynamics.
According to him, good job mortgage affects on the volume of housing construction: during the first six months of the current year built 29.5 million square meters of housing, which is 130% the similar to period of the last year.

by materials of Business Online

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