Russians lined up for cheap apartments

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In Russia, the mortgage boom. Its attack is noted by many analysts and experts of specialized publications. Demand for mortgages is growing, due to a general drop in property prices and a decrease in down payments. So, in the first two months of 2018, VTB alone issued 26 thousand loans for the purchase of housing in the total amount of 58 billion rubles. The total mortgage debt of Russians by the end of 2017 amounted to more than 5 trillion rubles, and analysts believe that by 2020 this figure could double.





Now more and more mortgages are given with an initial payment of less than 20% of the total value of the property. Is this good or bad? For citizens concerned about purchasing their own housing, the more affordable the mortgage, the better. However, experts note that low down payments pose serious risks for banks. After all, the less the borrower gave the money as a down payment, the more likely it is that he will not be able to pay off the loan.

The average mortgage rate in the country is about 10%. It is less than before. Buying an apartment on a mortgage has become easier, but does this indicate an economic recovery in the country? In fact, household incomes have not been growing for a long time, which means that people may experience problems with repayments on loans. The average mortgage in modern Russia is about 2 million rubles. And in recent years, it has grown by almost a quarter.

Now, on average, borrowers pay 21 thousand rubles per month, while the approximate household income is about 44 thousand rubles per month. The Bank of Russia is concerned about tightening control over the provision of mortgage loans, as it believes that more than half of the average household income should not be spent on it. Otherwise, the risk of a borrower failing to pay a mortgage loan increases very seriously. On the other hand, without mortgage lending, most Russians simply will not be able to purchase housing, which means that the residential real estate construction market will practically stop.

The desire of people to obtain mortgage loans is also fueled by the social benefits provided by the Russian government. So, now you can use maternity capital as an initial contribution on a mortgage loan, and this is 453 thousand rubles. Many Russian families have a certificate of maternity capital - the only means by which they can pay the down payment. Further, citizens expect that they will cover the mortgage from current incomes, but as incomes decline, these calculations are not always justified. Many Russians eventually make requests for refinancing a mortgage.

Low mortgage rates pose great risks for banks and in the future, because if inflation increases, such credit programs will become unprofitable for banks. If banks are unable to cope with the volume of mortgage refinancing, then serious problems may come - both for borrowers and for the banking system of the country as a whole.
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  1. +2
    20 March 2018 21: 47
    Recently I spoke with my friend, a man of 34 years. For 10 years he lived with his wife, and then with 1-2 children, in a room of 11 sq. M in the parent's apartment. I could not stand it, took a mortgage and bought an apartment for 4300 thousand. He will pay this mortgage for 25 years, it will end when he is 59. I imagined - for all these 25 years, he has to work hard like a damn to pay for the apartment. And if you lose your job? And if you get sick? - He does not have such rights - not to work or to hurt. * Work, blacks, the sun is still high! *

    In fact, housing is considered the social environment of a person. In the absence of housing, a person turns into a stray animal. And where should those who cannot pay 4300 thousand go? Nobody tries not to think about it .... we have a new-old chairman here who has been chatting well for many years ...
    1. +2
      20 March 2018 21: 52
      You can even look at the figures given: a family earns (if I am not mistaken) 43.000, pays 21.000 for a mortgage, that is, almost half. And besides this mortgage you need a lot more. Uzhssssss .....
      1. +2
        21 March 2018 10: 12
        With 43000 they don’t dream about yoghurts.
        These people are not socially protected, with a low standard of living, and a social package is provided for them. providing and once every 50 years a program to improve housing.
        If I said that we have such means in our family, I would be laughed at. And this is not a central region.
    2. 0
      21 March 2018 08: 17
      And why, actually, such requests - exactly 4.3 million, exactly here and without changing work?
      Russia is big. Not all Uzbeks and Ukrainians go to work, it’s time and so incapable of earning and pulling on the spot. To develop Siberia and the North with the Far East. The land is not plowed by the sea and resources are not processed, but wasted even more. And what kind of income for a family of 40000, you relax a lot at work and do not earn extra money! And it's time to align needs with capabilities.
      1. 0
        21 March 2018 12: 18
        Some explanations - my friend lives in Khimki and took "three rubles", maybe two children are growing up. And that "three-ruble note" cost 4300 thousand. I can't comment further, because I don't understand the meaning of what was written.
        1. 0
          23 March 2018 20: 06
          My friend left Moscow for Siberia, in Altai. There was nobody there and had a 2-room apartment. Here is the deputy. Head of the production workshop at the plant. I bought a 2-storey house of 250 sq.m, a Prado jeep, and a 2-storey country house on the lake, about 100 sq.m
    3. +1
      21 March 2018 10: 06
      And under the USSR you were tied to a factory for 20 years.
    4. 0
      23 March 2018 20: 01
      It was necessary to take in the secondary housing market. It would cost half as much. If you took a darling, it means fulfilling your Wishlist.
  2. +2
    21 March 2018 17: 20
    I don’t understand why there are restrictions that mortgage expenses should not exceed 50% of income. If it is for housing, a person will pay this way and that. Only the whole question is whether he will pay someone else's uncle or will he pay for his own. For example, the salary is 30. He pays 000 for rent and lives on 20. In principle, you can find a cheap studio apartment and pay the same 000, but for his own housing.