the Volume of mortgage lending in Russia by the end of June and the first half of the year as a whole has increased, according to the HOUSE.Of the Russian Federation.
In the first half was issued 603 thousand mortgage loans (5% more than in the same period of 2019) for a total of 1.4-1.5 trillion rubles (15% more than the previous year).
the Growth in housing loans was stimulated in the first place, the program of mortgage with state support. In may the market began to recover, and in June issued 23% more mortgage loans (115-120 thousand) than in June 2019, the total amount of loans (270-280 billion) exceeded last year’s by 29%. About one-third of loans were granted within the framework of the state program. Also the growth in lending was influenced by the satisfaction of deferred demand due to difficulties with registration of property documents in April-may.
According to the HOUSE.Russian mortgage rates on average in 2020 will be 7.5-7.8 percent. At the end of the year will be issued to 1.1-1.3 million mortgage loans, of which 490 thousand for the purchase of housing on the primary market.
