During the year, the average size of a mortgage loan for the purchase of housing in the primary market of Russia increased by more than 50% – up to 5.9 million rubles. In the secondary market, the average mortgage check increased by almost 14.5% – up to 3.02 million rubles, according to the data of the analytical and consulting company Frank RG, which Izvestia got acquainted with.
According to Natalya Savvina, an expert of the Square Meter real estate ecosystem, in April and May 2022, a decrease in mortgage activity was observed in the primary and secondary housing markets: the level of rates quickly increased in March and began to decline only in June. State support measures, primarily preferential and family mortgage programs in the primary market, stimulated the interest of buyers during two difficult months for the industry, so the number of purchased new buildings did not decrease significantly. Thus, according to Rosreestr, the number of shared construction participation agreements registered in Russia for the first half of 2022 decreased by less than 10% compared to the same period in 2021.
Over the past year, as of September 1, the average monthly mortgage payment in Russia when buying an apartment in a new building increased by 6.4% (up to 30 thousand rubles), and in the secondary market – by 14% (up to 25.7 thousand rubles). In general, the average mortgage payment in Russia, according to Frank RG, is 26.6 thousand rubles (+12% compared to the previous year). Taking into account the fact that in the first half of 2022 the average nominal wage in Russia, according to Rosstat, increased by 12.2% (in annual terms), and the growth in per capita cash income of the population amounted to 15.2%, we can say that mortgage loans retained the level of attractiveness for the population, experts of the Metrov Kvadratny company noted.
“An additional incentive to maintain demand in the real estate market may be the further development of state support programs, an increase in the average loan term (in August 2022 it was about 25 years (25.1) in the primary market, in the secondary market – a little less than 22 years (21.8) , with a deadline of 30 years),” the company’s analysts say.
The day before, Russian Prime Minister Mikhail Mishustin announced that the Russian government had extended family mortgages until July 2024. Next year, more than 150 thousand families will be able to issue it, and the volume of loans, according to the forecasts of the Cabinet of Ministers, will be about a trillion rubles.
Before that, on October 13, it became known that the Russian Ministry of Construction considers it expedient to extend the preferential mortgage program for new buildings at 7% after 2022.
#Russia #average #size #mortgage #loan #purchase #housing #increased #year