From the beginning of 2014 the banks have become more careful when considering the offers of developers on credit lines. And the construction projects themselves are more carefully inspected in the aspects of the credit history and correctness of land execution for construction.
Weakening of Ruble and unfavorable political circumstances played their roles. Today loan rates for the companies are from 13 to 15% as statistics reports. The Central Bank also admits the increase of the interest rates in the loaning field, however it operates with lower figures. According to the Central Bank, the jump occurred between 12.34% and 12.87% of the annual rate for loaning of the construction industry.
Estimating the present situation with more strict control of all points of the grantor’s inspection, the experts advise to be ready for the worse. That is reduction of the issued loans in times. Still there are no real reasons for worsening of the situation. And stiffening of inspection of the loaned companies is not necessarily says about financial opportunities of the credit organizations.
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