Mortgage for 1%? Experts explain what's wrong

Analysts confirm that such proposals do exist. For example, the A101 group of companies, in partnership with the RSHB Bank, advertises mortgages at 1% for the entire period (up to 30 years) without increasing the price of the lot.

Indeed, everything is so (see the screen), - confirm the experts of the Dvizh pro real estate channel. But the essence of subsidizing does not change. As in any programs under 0.000001%.

The fact is that due to the difference with the base rate, the “lost profits” to the bank are compensated by the developer:

“According to the documents, it turns out that the developer could give the buyer a discount, but instead he “gives” it to the bank, and the client receives a cheap mortgage for the regular price of the apartment.

Also, at Akvilon in the BESIDE residential complex, you can choose: either a discount of up to 20%, or, for example, a 1.5% mortgage for the entire term, but without a discount and practically no rise in price (only + 1% to the price of the lot).

But if you take a mortgage here at 2.99%, then Akvilon will also drop up to 4% of the base price.

As a result, in any case, subsidizing cannot do without a rise in prices. After all, these are direct costs of the developer. Therefore, advertising is advertising, and the buyer has to make a choice - either the apartment is cheaper, or the rate is lower..."