30.01.2025, 14:06
Russians have massively turned away from mortgages
Source: OREANDA-NEWS
OREANDA-NEWS In 2024, Russians massively turned away from mortgages — the issuance of housing loans by the end of the year fell by almost 40 percent, to 4.9 trillion rubles. Such data is provided by the Central Bank (CB) in the information and analytical material "On the development of the banking sector of the Russian Federation in December."
A year earlier, when the mortgage market was overheated, banks issued loans worth 7.8 trillion rubles. The regulator considers such a sharp drop in indicators to be uncritical. The Central Bank calls the volume of mortgage disbursements in 2024 comparable to the adequate volumes of disbursements in 2020 and 2022 (4.4 trillion rubles and 4.8 trillion rubles, respectively).
The Central Bank clarified that the main slowdown in mortgage issuance occurred in the second half of 2024, when the massive preferential mortgage on new buildings ended and the conditions of the family mortgage were tightened.
Earlier, experts predicted that in 2025, mortgage issuance could fall by a third, to 3.3 trillion rubles. At the same time, about 70 percent will fall on preferential programs, experts are convinced.
A year earlier, when the mortgage market was overheated, banks issued loans worth 7.8 trillion rubles. The regulator considers such a sharp drop in indicators to be uncritical. The Central Bank calls the volume of mortgage disbursements in 2024 comparable to the adequate volumes of disbursements in 2020 and 2022 (4.4 trillion rubles and 4.8 trillion rubles, respectively).
The Central Bank clarified that the main slowdown in mortgage issuance occurred in the second half of 2024, when the massive preferential mortgage on new buildings ended and the conditions of the family mortgage were tightened.
Earlier, experts predicted that in 2025, mortgage issuance could fall by a third, to 3.3 trillion rubles. At the same time, about 70 percent will fall on preferential programs, experts are convinced.
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