Wednesday, June 1, 2011

The mortgage market will recover next year

The volume of mortgage loans to credit organizations in Russia are likely to revert to pre-crisis levels as early as next year. This convinced deputy, the second largest asset of the Russian retail bank VTB 24 "Anatoly printers. The bank is responsible for a block of housing loans. His positive outlook, he gave a television interview, "Russia 24". The expert explained to journalists RIA Novosti news agency that when he speaks of restoring the market, he primarily has in mind, the volume of sales. The volume of housing loans on 1 January 2010 amounted to 1.181 trillion rubles. While last year the figure was 1.27 trillion rubles. This is indicated by the data of the Bank of Russia. According to top management "VTB 24" and its mortgage loan portfolio has ceased to decline soon begin to rise, said to journalists on the eve of printers. As of May 1, 2010 the portfolio of the bank amounted to 169 billion rubles.

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