Former Russian Finance Minister Mikhail Zadornov spoke about the situation with mortgages.
In his opinion, now is not the best time to buy an apartment with a mortgage.
In an interview withRIA Novosti, the economist said that in 2024 it will be more profitable to rent real estate than to pay off a loan.
With current mortgage rates, renting a home seems like a more viable option, the expert believes.
Until rates are lowered, the economist recommends renting an apartment and putting any spare money into a deposit at 19–20% per annum.
Zadornov pointed out that now we need to look at where the market will move and how it will change in the near future.
The head of the Central Bank, Elvira Nabiullina, stated that bank deposits are currently the protection of savings from inflation.
Many financial and credit organizations are ready to open a deposit at a favorable interest rate, noted the Chairman of the Bank of Russia.
At the beginning of August, inflation in the Russian Federation slowed down slightly and now amounts to 9.02% in annual terms.
