His expert opinion is published by the Argumenty i Fakty website.
“The mortgage market will gradually shrink compared to 2021.
The banks chose all possible options for attracting customers for the pandemic, as evidenced by both their profit, which is expected to be in the region of 2.5 trillion rubles for the current year, and the profit of Moscow developers, which in 11 months exceeded last year's figures by 27%, having jumped to 1.31 trillion ", - said the specialist.
In his opinion, the possibilities for buying housing at current prices and with the current rate, the average value of which exceeded 9.3% per annum, are being exhausted.
The programs of banks, together with developers, who offer mortgages at 6-7% per annum instead of the market 9-9.5%, will gradually come to naught.
“As for mortgage rates, they will break through 10% per annum anyway, as they will be adjusted following the key rate of the Central Bank.
Taking into account very bad inflationary expectations in the first quarter of next year, it can easily reach 10.5%, ”summed up Krichevsky.
As the NSN previously reported, the Rosreestr office in Moscow in the third quarter of 2021 registered a record number of mortgage lending agreements.