Analysts estimate the issuance of mortgage loans in Russia in January-September 2022 at about 5.4 trillion rubles VTB. This is 10% more than in the whole of 2022.
According to the bank, from the beginning of the year to September, its customers issued 214 thousand mortgages worth 1.1 trillion rubles; This exceeds the figure for the whole of last year. The bulk of loans were issued in September – 232 billion rubles. Demand has increased due to rising rates and expectations of increased down payments for government programs.
“At the beginning of the year, we observed an increase in demand due to the restriction of so-called “near-zero” programs; The sharp increase in the key interest rate in the summer increased customer interest and was planned for early autumn. Changes in concessional mortgage terms. Of course, such a high demand concentration in January-September will inevitably lead to a “cooling down” of the market in the fourth quarter. But due to increased activity throughout most of 2023, we expect sales to be at the level of 6.9 trillion rubles by the end of 2023,” commented Evgeny Dyachkin, vice president, head of the sales department at VTB partner channels.
In the regional context, the leaders are Moscow and its region (76.1 billion rubles), St. Petersburg (23.8 billion) and Tatarstan (12.5 billion).
According to DOM.RF at the end of September Finished distribution of an additional 1.9 trillion rubles allocated to the concessional credit limit. Most went to big banks.
It was previously known how the weakening of the ruble occurred will be reflected about the state of the economy.