Since the beginning of 2023, Sberbank has recorded an increase in Russian demand for housing loans. This was announced to reporters by the bank’s president, German Gref.
“…From the beginning of 2023 we are seeing increased growth in mortgages. The number of housing loan applications in February exceeded 14% in January. Compared to the same period of 2022, the growth was 18 percent. Thus, approximately 700 thousand applications in the amount of 2.2 trillion rubles were made in January-February. We see this trend continuing in March, as more than 150,000 applications worth RUB 560 billion were submitted in the first half of March.”
As before knowledgeable Referring to the Central Bank statistics, TASS, according to the results of February this year, the volume of mortgage issuance in the Russian domestic market did not reach the peak levels at the end of 2022. At the same time, requirements for potential borrowers remained moderate in the last month of the winter period.
On March 10, Kommersant newspaper, referring to market participants WroteIt turned out that the demand for the preferential mortgage program for IT workers was double the expectations of the Ministry of Digital Development. In other words, only 5 thousand credits of this type were given instead of the 10 thousand planned at the end of 2022.