UFA, 6 February 2020. /Bashinform News Agency, Galina Bakhshieva/ translated by Tatiana Aksyutina/.
Bashkiria hit the Top 5 regions of the country in issuing mortgages for 2019. In total, 46.2 thousand housing loans were issued in the republic during the year. Such data are presented in the study by CIAN, based on information from the Central Bank.
Moscow headed the first line of the conditional rating-2019 - 80.8 thousand mortgage loans.
The Moscow Region took the second place - 71.4 thousand loans.
St. Petersburg closed the top three, where last year, they issued 64 thousand housing loans.
The fourth place went to the Tyumen region - 52.6 thousand loans. Bashkortostan was in the fifth - 46.2 thousand issued mortgages per year.
The peak of lending in the Russian regions fell on December when the mortgage rate for the first time in history dropped to 9% per annum. In total, more than 145 thousand housing loans were issued last December.
The average mortgage loan in Russia as a whole amounted to 2.24 million rubles last year.
“The average ruble mortgage loan term reached 218.3 months, or 18.2 years, by December. For comparison: at the end of 2018, the mortgage was taken on average for 16.7 years, ”the authors of the study note.
Meanwhile, the largest increase in the volume of mortgage loans was observed last year in Crimea and Sevastopol - by 32%. Chechnya (by 26%) and Dagestan (by 16%) also showed noticeable growth in mortgage lending.
In North Ossetia and Chukotka, growth was 0.7% each. In other regions, mortgage lending volumes decreased compared to 2018. Moreover, the most significant decline was observed in the Ulyanovsk region (by 24.5%) and the Nenets Autonomous District (by 24%).
This year, the volume of housing loans will exceed 3 trillion rubles or the indicator of 2018, said Alexei Popov, head of the CIAN analytical center.
“The housing lending market in Russia has great potential, including due to rising housing prices, outstripping the increase in household incomes,” the head of the analytical center said.
According to the expert, mortgage debt in Russia is only 7% of GDP, while in developed European countries this figure varies from 20 to 50 percent.