The average size of a mortgage loan issued in Russia in December 2023 increased to a record 4.45 million rubles. The average mortgage maturity also reached its maximum value of 278 months. This was reported by Forbes According to data from the Unified Credit Bureau (UCB).
According to OKB experts, the previous record in average loan size was recorded in September 2022 at 4.26 million rubles. The total volume of mortgages issued in December increased to 1.03 trillion rubles, but the number of loans decreased to 230,950.
In 2023, banks issued mortgages worth 7.85 trillion rubles – this is the absolute maximum in the entire history of observation. The previous record of 5.7 trillion rubles in 2021 was surpassed in October 2023, the publication writes.
According to experts, concessional mortgage programs affected the growth of indicators. They have also increased property prices: houses in the primary market are already 40% more expensive than secondary houses. In this context, the Central Bank advocates the gradual abandonment of the largest program with 8 percent state support.
Analysts before this calculatedHow much salary does a Russian need to buy an apartment?
Previously expert named Ways to get hundreds of thousands of rubles back after buying an apartment.