Russians rushed to arrange a mortgage


www.vsyako.netPhoto: Yury Martyanov / Kommersant

In June 2020, Russian banks have issued more than 109 thousand mortgage loans at 258 billion rubles. In comparison with similar indicators for June of last year, the number of issued mortgages increased by 22 and 28 percent, respectively, according to the materials published on the website of “United credit Bureau” (OKB).

If to compare with may, the volume of housing loans increased by 37 percent the number of loans and 39 percent by volume, according to the Bureau. In General, the first half of the year in Russia issued 20 percent more mortgage loans (by volume) than in the same period of 2019.

Russians rushed to arrange a mortgage due to launch preferential loan programs at 6.5 percent per annum, experts say. “Because of the noticeable reduction of the key rate has begun a new round of refinancing mortgage loans, they added. — In addition, due to quarantine citizens were limited possibilities of registration of transactions of purchase and sale of real estate, including due to the closure of the multipurpose centers (MFC). In June, IFC resumed operations, and the citizens were able to realize pent-up demand”.

Earlier it was reported that in the first half of 2020, many Russian banks have tightened the conditions for granting loans to buy housing. In particular, they increased the minimum down payment on mortgages. Among the ten largest Russian banks in terms of mortgage portfolio four — Raiffeisenbank, Alfa-Bank, FK “Opening” and Promsvyazbank has raised the minimum contribution of 5-10 percentage points.

Video, photo All from Russia.


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