According to the Bureau, in April the Russians scored 81.5 thousand mortgage loans for a total amount of 184 billion rubles. This is 33% less in quantity and 39% less in volume than in March of this year. Compared to April 2019 issuance fell 18%. The average loan amount decreased from 2.49 million in March this year to 2.26 million in April.
Most significantly, the number of loans decreased for the month in Moscow and Moscow region (53% and 49%, respectively), in St. Petersburg (44%), Tyumen region (40%) and Krasnodar Krai (38%).
While mortgage lending has not declined as much as other segments of retail lending, said the General Director of OKB, Artur Alexandrovich. “The transactions for the purchase of real estate long cycle of design, so in April, the banks have provided a significant number of loans on which work was begun prior to the imposition of quarantine. In addition, support mortgage had a high demand for property in March. In April, the real estate market froze, which is likely to affect the mortgage at the end of may”.
