In the sense of overpayments of installments, much more profitable than a mortgage. Under the standards of today’s market, overpayment for an apartment is one and a half years (installments are most often issued for such a time) will be within 10% of the cost of real estate. Mortgage loan under the same conditions (though the payment time will be stretched for 10 years – the minimum mortgage period) will double the cost of the apartment by half.
Since mid -2010, activation was noted in the mortgage market. The interest rates on loans, the requirements for the initial contribution were reduced. Many banks began to cancel the requirement of an additional collateral of real estate or guarantor. However, potential buyers should not hope to continue such processes. Experts predict only a slight decrease in interest rates on loans – no more than 1%.In such conditions, installments from developers will become increasingly important. After all, in a crisis, many such companies competed with each other, providing additional bonuses to their customers. Many rich customers who are able to pay for real estate immediately used such bonus programs, first of all, the opportunity to stabilize the price at a certain level of an installment agreement. It is worth noting that two forms of such deferrals are adjacent to the market for the purchase of real estate: a mortgage and installment plan. The main thing is that it is worth understanding the banks that provide loans and the builders who fuel the market with installments, the mortgage crisis of 2008 began with the issuance of loans indiscriminately.