Loan interest rates for residential real estate on the secondary market grew again. According to the information presented by «Prostobank Consulting» company, growth of average interest rates for 20 years loans during two months is 2,68% per year for UAH, 0,76% — for USD and 0,68% — for EUR. According to experts’ forecasts, they will continue to become more expensive further.
In June interests rates for 20 loans were 20,24% per year for UAH, 14,44% — for USD and 13,37% — for EUR. Meanwhile in May they were 17,56%, 13,68% and 12,69% per year respectively.
«Resources for banks become more expensive, in spite of certain improvement of situation concerning liquidity for short term resources. Interest rates for long term loans were growing and are growing now, and will grow in near future. They will grow by 1-2% minimum for mortgage loans in current situation, as Erik Naimain forecasts, Head of Investment Banking Services of “ Ukrsotsbank”.— The worst time will be in autumn ».
According to the data of “Planeta Obolon” company analytics, the share of deals with usage of mortgage was 41% in June, that is for 21% less, than in January 2008. Increasing of interest rates, most probably, will result in greater increase of contracts. «Decrease of  buying power often means a non-purchase of residential real estate, incapacity to pay loans, rent a lodging with former conditions»,— as it is presented by “Planeta Obolon” analytics in the report for June.
Based on experts’ opinion, financial institutions are searching other methods also. E.g.: the fee for servicing should grow from 1% to 2-3% in the autumn. «It is profitable to increase commissions share for banks. They, probably, will do so to hide an increase of loan cost from customer»,— as it is considered by Erik Naimain. The Head of “Fincom Asset Management” AMC Pavel Ruzhitskiy agrees with him: «Certain banks go further and declare that they do not increase interest rate and do not increase commissions, but, for example, customer is obligated to insure his dwelling in appointed company. But this one does not propose you a market rate, that percent is paid to bank in accordance with agreement». According to him, the difficulties with resources are especially evident in regions. «there are cases on primary market, when small regional developers address to banks and ask to finance construction, and promise to the financial institutions a share of built flats for cost price practically»,— as it is informed by Mr. Ruzhnitskiy.
Erik Naimain asserts that the key reason of crediting difficulties is a mismatch of incomes and prices growth: «Ukraine is on the stage, that USA, Great Brittan, Spain, Lithuania, Kazakhstan passed. And we will be witnesses of prices decrease for residential real estate».
Edition: Экономические известия