Photo: Oleg Karsaev / “Kommersant”
The first signs of the mortgage crisis in Russia may appear in 2019. This is stated in the press release, mortgage service “to Approve.online”, arrived in edition “Tapes.ru” on Friday, October 26.
The basis for the crisis, according to experts of the company, may be that in the period from 2014 to 2016, Russian banks issued a lot of risky mortgage loans.
“The money was given to borrowers in spite of bad credit history and a minimum package of documents (…) For these years were issued to tens and even hundreds of thousands of “bad” loans, which sooner or later “shoot”,” — said the head of service Catherine Sivova.
According to experts, the first mass wave of defaults by borrowers apply for a mortgage during this period will most likely in 2019. “Once again, I note that the portfolio of such loans from banks is huge,” emphasizes Sivova, adding that in 2019 the market will pledge the objects, which will be sold as the owners themselves or through a real estate Agency.
Changes in the credit market will affect the policy of the banks in assessing the solvency of borrowers, which will become more stringent, according to “the Approve.online.”
In October, the experts of the “National Bureau of credit histories” (NBCH) has calculated what should be the income level of the borrower, allows you to safely service a mortgage. According to experts of nbki, the recommended size of the family income of borrowers in October 2018 amounts to 70,3 thousand rubles.
Video, photo All from Russia.