Number of mortgage deals grew 22% in Moscow region

Number of mortgage deals grew 22% in Moscow region
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The number of apartments purchased in the Moscow region with the involvement of mortgage loans has increased in August by almost 22% compared to the same period last year.

This was reported on Thursday by the press office of the Moscow regional department of the Federal Service for State Registration, Cadastral Records and Cartography (Rosreestr).

"In August, the Moscow regional department of Rosreestr has made 24,600 mortgage records in the Unified State Register of Real Estate (EGRN), which is 10.2% more than in July, when 22,300 records were made in EGRN, and 21.7% more than in August 2017, when 20,200 mortgage records were made”, the report said.

According to the results of the last eight months of 2018, a total of 180,600 records of mortgages were made, which is 24% higher than last year's figure. Also, in August, the Moscow region's department of Rosreestr registered 7,500 equity participation agreements. This is 17.5% more than in July but by 12.1% less than in August last year. Over the course of the last eight months, the department has registered 55,300 equity participation agreements, which is 8.3% less than the same period in 2017.