In May, the mortgage did not keep up with the crisis: the volume of loans fell by 73%

News
In May, the mortgage did not keep up with the crisis: the volume of loans fell by 73%
In May, the mortgage did not keep up with the crisis: the volume of loans fell by 73%
8 June, 17:26Economy
In May, analysts recorded a record drop in the mortgage lending market.

According to the analytical portal on June 8 Frank RG, last month banks entered into mortgage borrowers 31.5 thousand contracts, which is 73% less compared to the same period last year.

Total in the last month of spring, 31.5 thousand loan agreements were concluded. The average check of a mortgage loan increased by almost 16% compared to April - up to 3.8 million rubles.

According to the portal dom.rf, in April, things were about the same with mortgages. Then the banks concluded 49.4 thousand mortgage agreements with clients. This is 74% less than in April 2021. Of these, 20.4 thousand - "primary" (-56%), 29 thousand loans - "secondary" (-80%).

Experts CIAN.Analitika previously noted that the demand for "secondary" in May fell by almost half. “Already in March, the secondary market saw a decrease in activity to 80% of the average value for 2021. Then the demand of buyers was more focused on the segment of new buildings. In April, activity continued to decline, views dipped by 40% compared to the background values of winter. According to the results of 20 days of May, demand dipped by another 10% compared to the same period in April (here you can make a discount for holidays). By the end of May the activity of buyers has almost halved compared to last year and the background values of winter”, - the CIAN.Analitika study says.

CIAN experts remind that there are no preferential lending programs for secondary loans. The market is supported by alternative deals and buyers with real money, but such cases are much less than mortgages. In general, about 70% of mortgage loans in Russia are issued specifically for secondary housing.

According to dom.rf, the average weighted interest rates (according to the TOP-20 banks) for the purchase of "secondary" on credit are 11.36% per annum. These data were current at the beginning of June. Mortgage loans with state support, for comparison, are now issued at an average rate of 8.66%.

Found a typo in the text? Select it and press ctrl + enter