Credit to individual housing construction (IZHS) continues to grow steadily – in the first two months of 2023, more than 6.6 thousand loans in the amount of 28 billion rubles were provided in the country for these purposes. Such data is provided by the Dom.RF bank.
According to Evgeny Kvasenkov, Director of Housing Development at Dom.RF Bank, speaking at the roundtable meeting “Mortgage loan for individual residential construction: home kits made of light steel thin-walled structures”, mortgage demand in the private segment residential construction accounts for approximately 80% of the total issue volume. supported by preferential programs.
“Today, mortgages are a powerful driver for the development of individual housing construction. According to our estimates, every tenth in the country is made using a private home mortgage loan, but in the medium term, one out of every two homes could be built in the market segment.
He believes that the introduction of financial instruments into this market and increasing their availability, laying the foundations for a qualitative breakthrough in the individual housing construction market, is in the industrialization of the market, the widespread use of standard projects, including prefabricated house kits.
Market participants discussed the situation with housing construction and possible support measures. They noted that home kits, including those made of light steel structures, have a number of advantages over traditional private residential construction methods. Key ones include high liquidity, short construction time while maintaining quality, and transparent cost.
Dom.RF experts emphasized that currently, in a pilot mode, in the framework of lending to individual housing construction using home kits of a number of manufacturing companies, the bank has implemented a 0.5-point reduction in the interest rate.
At the same time, they noted that in such cases, the bank should make sure that the home kit will be installed correctly. To this end, the proposals included a system for the establishment and regular verification of a public register of professional contractors. This process can be organized specifically on the basis of the “build.dom.rf” service.