The average term of mortgage loans for new buildings increased by two years

According to Izvestia, the figure for mortgages in the secondary market was 20 years. This is more than the first half of the previous year by two and a half years. In 2016, the average term of mortgage loans for new buildings did not exceed 15 years, and for "secondary housing" - 14.8 years.

The Bank of Russia associates it with the decision of borrowers to compensate for the rise in prices for housing at the expense of the size of the loan.

Earlier in August, it was reported that the size of the average mortgage payment increased by 28% compared to the previous year for primary housing and by 13% for the purchase of secondary real estate. By the way, Krasnodar became the absolute record holder in the primary mortgage market, where prices have increased by 43% on average since the end of May, exceeding the mark of 111 thousand rubles per square meter.