President Of Sberbank German Gref

© Artyom Geodakyan/TASS

MOSCOW, may 23. /TASS/. The decline in mortgage rates in Russia will continue in 2018 and 2019, according to the President of Sberbank German Gref.

“Of course, if will decrease inflation and all the prerequisites that it will decline, there is, it will automatically fall and mortgage rates. Therefore, based on the situation that we see today, most likely, we till the end of this year and next year will see lower rates”, – he told on air of TV channel “Russia 24”.

According to the Central Bank of the Russian Federation, in the spring of 2018 mortgage rates reached a historic low of 9.64% .