Russian banks issued about 33 thousand favorable mortgage loans in August
In August, banks issued 32.88 thousand mortgage loans with state support for Br185.05 billion, according to the data of the United Credit Bureau (UCB), which were reviewed by "Izvestia" on September 23. The share of preferential mortgage accounted for 41% of the total number and 56% of the total volume of loans for the purchase of housing.
At the same time, in annual terms, issuance decreased by 68%, the volume - by 65%. In the last summer month of 2023, 103.98 thousand favorable mortgage loans for 525.79 billion rubles were issued. Their share amounted to 48% of the total number and 58% of the total volume of all mortgage loans.
The average size of a preferential mortgage loan amounted to RUB 5.63 million, which is 11% higher than in the same period of 2023 (RUB 5.06 million).
According to the OCB, the share of primary housing in the total number of preferential mortgage loans in August amounted to 72%, and in the total volume - 73%. The share of secondary housing accounted for 28% of the total number and 27% of the total volume of mortgage loans issued under government programs.
A total of 482.84 thousand favorable housing loans worth Br2.55 trillion were issued by clients of Russian banks at the end of eight months. Compared to the same period last year, the number of mortgages with state support decreased by 3%, while the volume increased by 4%.
In addition, the UCB noted that the top-5 regions in terms of volume of concessional mortgage lending in August included: Moscow - 2.33 thousand loans for Br20.15 billion, Moscow region. - 1.72 thousand loans for Br13.43 billion, St. Petersburg -1.63 thousand loans for Br11.38 billion, Krasnodar Krai - 1.23 thousand loans for Br6.54 billion and Bashkortostan - 1.24 thousand loans for Br6.14 billion.
Earlier, on September 16, the head of the analytical center "Real Estate Market Indicators IRN.RU" Oleg Repchenko told "Izvestia" that in the market of new buildings opportunities to buy an apartment on credit decreased after the disconnection of mass preferential mortgages and tightening the conditions of family mortgages. Few people will dare to buy expensive apartments at 20% per annum, so the demand is decreasing, he explained.
