Average mortgage rate in Russia made up 12.2%

According to residential mortgage agency the rates for mortgage showed rise dynamics in May,2012 making up 12.2%. Specialists mentioned that mortgage rates increased within one month only by 0.1%.

The most considerable price rise was registered on January-March, 2012. At the same time some banks (Alfa-bank, Nomos-bank, Primsotsbank) moderated the requirements to mortgage borrower.

Banks “Zapadny” and “Bank Moskvy” and “RosEuroBank” even reduced mortgage rates. Analysts also communicate that rendered 1,5 times more mortgage loans than in the 1st half of the year 2011, namely 347.5 billion rubles.

According to experts forecasts the unstable economical situation can result in mortgage rates increase.

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