Mr. Gref has explained that decline in mortgage rates should be a natural process, caused by a decrease in the level of inflation.
“Mortgage cannot be reduced administratively. If inflation goes down — and there are all the prerequisites for this — mortgage rates will automatically fall. Based on the situation that we see today, it is most likely that before the end of this year and during next year, we will see a reduction in rates”, the head of Sberbank said in an interview with Rossiya 24.
As German Gref previously stated, this year will be a record one for the volume of mortgage loans.