The Central Bank was one of the initiators of dampening the preferential customer focus: a complete guide to putting the customer at the center of your business mortgage program, and began advocating for this when the growth in housing prices was not so obvious. Are you satisfi with the results that were achiev after changing the terms of the program? Will a new record for mortgage issuance be set this year or not?
Let’s see what happens
Despite the fact that the growth rate of issuing general preferential mortgages has fallen, family mortgages are actively expanding. Issuances of family mortgages have increas by more than 30% after the expansion of the program. This program is better, in our opinion, as I have said many times, it is more target.
The overall growth rate of mortgages will
over 20% this year. And of course, here too, as in unsecur consumer acas head of collective dispute resolution lending, the level of mortgage penetration may not be very high compar to many countries. But it is important to look not just at the number of people america email who took it out, or at the share of GDP. A mortgage is a loan for many years, it must be servic. There must be an appropriate level of family income. And the growth of mortgage lending, just like consumer lending, must be proportionate to the growth of income, but not only, the level of income must also be taken into account.