The Russian mortgage market began slow restoration / news of the economy of Krasnoyarsk and Krasnoyarsk Territory / Newslab.ru
October 2 17:10
According to preliminary estimates of VTB, in September, Russian banks issued about 405 billion rubles of mortgage loans for the purchase of primary and secondary housing. This is 11 % more than in September last year and 3 % more than in August of the current one.
Against the background of a decrease in the key rate and improve the conditions of market mortgage in the largest banks, the share of state support continues to gradually decline. In September, according to VTB calculations, the preferential programs in the total issuance accounted for 76 % against 78 % in August and Pikov 82 % in July.
The locomotive of the market is still a “family” mortgage. VTB experts expect the share of state programs in the market by the end of the year will smoothly decrease to 70 %.
In total, according to the results of the nine months of the year of issuing a mortgage in Russia, according to VTB estimates, more than 2.6 trillion rubles. This is about a third lower than the result for January-September last year.
“The mortgage market demonstrates a slow, but progressive recovery. As the key rate decreases, the demand for secondary housing is revived, and the segment begins to be renewed: a decrease in the share of state programs is compensated by the growing variety of market offers, ”commented the senior vice president, head of the VTB retail business department, Alexei Okhoznzin.
