In October 2021, the average amount of a mortgage loan in Russia was 3.5 million rubles.

Compared to September, the indicator increased by 4.9% and reached a record high for the entire period of observations.

Such data on Thursday, November 25, was presented by the National Bureau of Credit Histories (NBCH).

According to the organization, the largest average mortgage was recorded in the capital (7.5 million rubles), the Moscow region (5.51 million), St. Petersburg (4.98 million), the Kaluga region (4.27 million) and the Primorsky Territory. (4.04 million).

“Unlike last year, in 2021, the outstripping growth in average credit is shown by the“ non-capital ”regions of the Russian Federation.

So, if in 2020 the average mortgage check in Moscow increased by 18.5%, and in the regions - by 10.9%, then in 2021 the trend is the opposite: in ten months the growth in Moscow amounted to 24.3%, and in others constituent entities of the Russian Federation - 27.5%, ”the NBKI notes.

This state of affairs is largely due to the continuing rise in apartment prices in the country, experts say.

As Pavel Sigal, first vice-president of the all-Russian public organization of small and medium-sized businesses "Support of Russia", noted in a conversation with RT, most developers have increased their costs for the purchase of building materials.

The still relatively high demand for apartments also has an impact on the value of real estate.

“We see that construction materials have risen noticeably in recent years.

At the same time, mortgages are still available to most Russians.

The preferential rates in force in the country continue to stir up the interest of citizens in investments in square meters, ”the expert explained.

According to the latest data from the company "DOM.RF", now in Russia the average interest on housing loans for new buildings in the 15 largest banks exceeds 9% per annum.

At the same time, a number of preferential mortgage programs operate in the country.

In particular, Russians today can get a loan for the purchase of housing in a new building worth not more than 3 million rubles at a rate of up to 7% per annum.

In addition, families with a child born after January 1, 2018 have the opportunity to take out a mortgage at 6% per annum.

In this case, the maximum loan amount depends on the region: for Moscow, St. Petersburg, Moscow and Leningrad regions, it is 12 million rubles, and for other subjects of the country - 6 million rubles.

As part of the initiatives, the reduced interest rate must be valid for the entire term of the loan.

At the same time, the government compensates the difference between the market and preferential rates to banks.

“Favorable mortgage rates attracted buyers to the market, who had previously kept money in deposits and were not credited.

To such borrowers, banks often, without fear, issue loans for larger amounts, "said Irina Radchenko, vice president of the International Academy of Mortgage and Real Estate, to RT.

In addition, according to her, a decrease in the amount of the down payment by many banks played a certain role in increasing the size of the mortgage.

So, in August 2020, the authorities allowed financial institutions to reduce the minimum amount of capital required to buy a home on credit.

For participants in preferential mortgage programs, the indicator was reduced from 20% to 15%.

“Such conditions allowed some borrowers to buy an apartment without waiting for them to collect the required amount, or to decide to buy more comfortable housing.

This also partly played in favor of the growth of the size of the loan, ”added Irina Radchenko.

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At the same time, along with the average amount of a mortgage in Russia, the loan term also increases.

According to the Central Bank, in October 2021, the national average was the highest in history and amounted to almost 20.6 years.

“The increase in the term is largely due to the increase in the loan amount.

Borrowers consider payments based on current earnings, so they are looking for a more convenient way of repayment and a comfortable amount of monthly mortgage payments, "Nikolai Pereslavsky, an employee of the Department of Economic and Financial Research of the CMS Institute, explained in an interview with RT.

Price braking

Nevertheless, in recent years, the rate of rise in prices for housing in Russia has begun to gradually slow down.

This is stated in the report of the Central Bank published on November 25.

According to the regulator, in the third quarter of 2021, the growth in prices for new buildings amounted to 5.1%, although in the previous two quarters the value was at the level of 6-7%.

“Even now, prices are stabilizing in the primary market, so it can be predicted that by the end of the year the rise in prices for square meters will stop.

The fact is that the growth in demand for real estate is still starting to slow down, and the commissioning of new facilities is proceeding at a high rate, "Konstantin Aprelev, vice president of the Russian Guild of Realtors, explained in a conversation with RT.

According to the latest government estimates, since the beginning of 2021, the volume of housing commissioned in Russia has grown by almost a third and amounted to 72.5 million square meters.

m, and by the end of this year, the value may reach 86 million square meters.

m.

“Against this background, next year we expect further stabilization of housing prices, and possibly a slight decline.

This is a steady trend that will be observed in 2022, ”Aprelev concluded.