By June 2024, the share of mortgage rejections for Russians will increase by 25-30 points to 81-86 percent and return to 56 percent by the end of the year. This forecast was given to socialbites.ca by Yuri Shedko, Doctor of Economics, Professor of the Department of State and Municipal Administration of the Financial University under the Government of the Russian Federation, commenting on the increase in the share of citizens denied housing. loans in 2024
“Banks will try to create a more reliable loan portfolio. Then the failure rate will most likely begin to decline and stabilize by the end of 2024,” the economist noted.
He does not consider the situation with mortgage refusals in Russia critical. The economist explained that banks are trying to reduce risks and this is normal.
What should borrowers whose mortgage loan application has been rejected but need a home do? material “Newspapers.Ru”.
The share of Russians refusing to take out mortgages for new buildings and finished housing in 2024 was on average 56%. reported RBC, citing statistics from the National Credit History Bureau.
Russians before warned about the increase in prices for secondary apartments.