Etalon Group Mortgage and Real Estate Market Insights

Mortgage deals - another driver of new contract sales Number of mortgage contracts Share of mortgage sales, % 362 +28% 464 2Q 2013 2Q 2014 23% 23% 2Q 2013 2Q 2014 • • Highlights Etalon Group offers mortgage programmes with major domestic and international banks, including Sberbank, VTB Group, Societe Generale (Rosbank), Raiffeisen Group and Absolut Bank Joint programmes established with 23 banks and special mortgage agencies to offer flexible financing options: • minimum down payment: 0 - 30% O years • maturity: 130 y • interest: ⚫ from 10.5% in RUB ⚫ from 10% in EUR Selected mortgage partners СБЕРБАНК ВТБ24 ГАЗПРОМБАНК Nb HOMOC БАНК РОСБАНК Х SOCIETE GENERALE CROUP Райффайзен БАНК Разница в отношении БАНК CAHKTO ПЕТЕРБУРГ Связь Банк БАЛТИНВЕСТБАНК Открытие Абсолют Банк УРАЛСИБ Банк • from 10.5% in USD • Despite the generally hawkish interest rate policy demonstrated by the Central Bank of Russia in 1H 2014, the average mortgage rate actually declined by 20 bps to 12.2% (1) (1) Based on CBR data for December 2013 and May 2014 Etalon Group 27

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