According to the regulator’s forecasts, the mortgage market will increase by 7-12% this year. At the same time, the Central Bank, together with the Cabinet of Ministers, wants to educate Russians to be ready for mortgages through housing deposits as a new financial instrument. Along with mortgages in the Russian Federation, rental housing is rapidly becoming more expensive, private houses are no exception. Meanwhile, over 40% of apartment building developers are going to engage in private housing construction. Read about these and other news in the digest dated March 14.
Housing deposits. The central bank, following the government, approved the launch of housing deposits in Russia. Through this new financial instrument, the authorities want to educate Russians to be ready for a mortgage.
It is assumed that the future mortgagee will conclude a housing savings agreement for a period of one year in order to pay the first installment or repay the main mortgage loan. The funds from the deposit will not be allowed to be used for other purposes except for the purchase of housing. The depositor will be able to conclude a mortgage agreement with the bank where he opened his housing deposit, as well as transfer funds to another financial institution.
In its current form, the bill does not provide for the introduction of increased rates on housing. It is believed that the interest of customers in the new instrument will be caused by an increased amount of insurance up to 10 million rubles against a maximum of 1.4 million for ordinary deposits.
Experts assess the adoption of the law on housing savings ambiguously. Some market participants believe that such innovations will launch the transition from a credit to a savings and loan mortgage model and will increase the availability of housing loans for the population. Others share less optimistic opinions.
for the year by 5.6%, and in her area by 17.3%. In the Northern Capital and the Leningrad region, over the same period, it became more expensive to rent individual housing by 11.4 and 6.2%, respectively. On average, the price of renting a private house in the country increased by 21.6% over the year.
“Basically, landlords have increased the price tags on their homes. This process was in line with the general rise in the price of rental housing: according to our data, rented apartments increased in price by the same amount. When home ownership becomes more expensive and mortgages become less affordable, rent is inevitably in high demand, which affects both the supply and the price. Thus, the supply of individual houses for rent has almost halved since March 2023, by 48%,” commented Pavel Lutsenko, General Director of the World of Apartments.
Источник: www.novostroy.su
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