Mortgage housing in Russia continues to rise in price. Banks have introduced additional payments — “Kommersant”
Major banks have introduced commissions on market rate mortgages for home purchases in the primary and secondary markets. The amount of additional payments for borrowers and developers is 6.5%.
Banks explain this by the Central Bank reducing the maximum cost of a loan. Experts believe this is an attempt to maintain profits. The new rules could increase the cost of apartments for buyers by 10%.
