OJSC Nordea Bank in association with the Gordon Rock real estate agency offers a loan program for buying foreign properties

01.06.2010

OJSC Nordea Bank in association with the Gordon Rock real estate agency offers a loan program for buying foreign properties

OJSC Nordea Bank and the International Real Estate Agency Gordon Rock offer to their customers a new mortgage loan program for purchasing realty abroad against a property located in Moscow region or any other region of the Bank’s presence as collateral.

The interest rate for such a loan is from 7% per annum in EUR and USD and from 9.5% per annum in RUB, which is pretty much the same as that offered to Russian citizens by local banks (for example, in Turkey, Greece, Czech Republic). Also, this program affords an opportunity for acquiring a property in the countries where local mortgage programs are unavailable for Russian citizens (for example, Bulgaria, Montenegro, Egypt).

According to Deputy Chairman of the Bank’s Management Board, Andrey Maltsev: «More and more Russians consider buying a foreign property, which remains an attractive purchase despite the crisis. This is combination of profitable investments with rest and business opportunities, acquisition of tax benefits and residence permit, as well as education for children. In its turn, the joint program of Nordea Bank and Gordon Rock makes it possible for customers to make their boldest ideas and plans of having a foreign realty come true».

The President of Gordon Rock, Stanislav Zingel: «What deserves a special mention is the fact that those opportunities, opened by the program for Russian investors to buy a property in the residential estates with guaranteed rental income, are pretty much tantamount to buying it for 70%, and in some case even 50% of its real value».

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