Thus, according to the available data, the average loan amount has increased for the last 4 years by more than 13%, reaching 4.2 million rubles, which is comparable to the cost of a small apartment in Moscow. Experts note that over 30% of transactions with apartments are made with the use of a mortgage, which is becoming increasingly popular in conditions of falling housing prices. This is largely due to the availability of mortgages as a result of lowering rates, going down to 9.8%.
Another factor that encourages consumers to take a mortgage is a decline in incomes of the population. More and more Russians are looking for an opportunity to purchase real estate without making a down payment.