Belarusbank has extended its reduced interest rates on loans for new construction projects.
Belarussian bank Belarusbank has extended the period of validity for reduced interest rates on housing construction and acquisition until December 15. Realt drew attention to this.
Belarusbank has reduced the rate for buying apartments from developers from 16.65 to 13.75% per annum since October 1, and then extended the promotion until December. Now the bank has additionally extended the rate reduction for another 15 days.
This refers to the purchase of housing under construction and ready-made housing from any developers. As for the purchase of apartments in the secondary market, the rate remained the same - 18.5%.
According to Natalia Litovskaya, an independent expert in residential real estate, it is possible that new buildings will become more expensive against the background of falling rates.
In addition, at the end of September, Belarusbank launched a new state system of construction savings. In particular, three savings plans were introduced - for 26, 38 and 62 months, to which a "bonus" from the state in the amount of 10% of the refinancing rate was added.
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