At the end of the first quarter of 2020 (January-March) in Russia increased the number of mortgage transactions in annual terms the growth amounted to 8.5 percent by number of loans and 23.1 percent on volume of issuance. This is stated in the material portal CYANOGEN placed at the disposal “of the”.

Despite the growing demand for housing loan, loan size also increased. The national average cost of credit increased during the year by 13 percent to 2.47 million rubles. In the primary market has grown by 20 percent (to 3.08 million), and in the secondary market — three percent (2.24 million rubles).

the Average time the Russian mortgage market in the first quarter was 18 years and 4 months (plus seven months compared to the first quarter of 2019). For apartment in a new building this term is equal to 19 years. The longest you will have to repay the loan to the residents of Ingushetia, Kalmykia, Mordovia, Karachayevo-Cherkessia and Dagestan — about 20-24 years. The Russians from the Murmansk, Chelyabinsk, Kemerovo and Pskov oblasts, and Krasnoyarsk Krai and Khakassia will quicker — about 16-17 years old.

Nearly half of housing loans (42 percent) occurred in the 10 regions of the country. Leaders for results — Moscow, Moscow region, St.-Petersburg, Tatarstan, Bashkiria, Sverdlovsk oblast and Krasnodar Krai.