Over the year, the size of the average mortgage loan in the Perm Territory increased by 20%

From January to March of this year, banks issued 8.7 thousand housing mortgage loans (HML) to residents of the Perm Territory in the amount of 21.5 billion rubles. Compared to the same period last year, the number of HMLs decreased by 6%, while the volume of loans issued increased by 13%.

Over the year, the average amount of a mortgage loan in the region increased by 20% - from 2.17 million to 2.5 million rubles. Also, the average term of a mortgage loan has increased by almost three years, previously this term was 20 years. This was reported by the press service of the Perm branch of the Urals GU of the Bank of RUSSIA.

In March, the average mortgage lending rate was 8.4%. Last year, this figure was slightly lower - 7.8%.

The total mortgage portfolio in the Perm Territory as of November 1 last year reached almost 190 billion rubles. As of April 1, 2022, this mark exceeded the amount of 203 billion rubles, an increase of almost a quarter.

According to Aleksey Monochkov, manager of the Bank of Russia Branch for the Perm Territory, the average rate on mortgage loans in the Kama region was 8.4%. Such a slight increase is due to the fact that most loans were issued on previously approved applications. In addition, the demand for housing mortgage loans in the Kama region is supported by state programs of concessional lending.

“In the first quarter, they accounted for more than a quarter of the total amount of mortgage loans issued in the region – 5.2 billion rubles,” Alexey Monochkov noted.

Earlier, RBC Perm reported that the share of transactions in the Russian housing market involving borrowed funds fell to 30.4% in April. The last time this figure fell below 30% was in March 2015.

According to the federal company, Perm was among the cities with the smallest share of mortgage transactions in April. In the capital of the Kama region, the indicator almost halved and amounted to 36.9%. it should be noted that at the end of 2020, Perm was among the top 5 cities in terms of housing lending. the share of transactions involving borrowed funds in the purchase of residential real estate was 57.9%.

Ekaterina Pakhomova, development DIRECTOR of the Territory real estate agency, says that over the past few weeks, in general, a sharp decline in demand in the real estate market has been noticeable. Now people are not eager to take out a mortgage. And this is not only due to the high rate.