The Central Bank noted an increase in interest in mortgages under market programs in June

During the month, mortgage loans at the basic rates of banks were issued by 28% more than in May

In June, the issuance of mortgage loans under market programs reached a maximum since the beginning of 2024, according to the analytical report of the Central Bank.

During the month, loans were issued for 159 billion rubles, which is 28% more than in May (124 billion rubles) and 77% more than in January (90 billion rubles). The results of June are comparable with the data on the issuance of market mortgages in December 2023 (162 billion rubles).

How did the mortgage issuance under market programs change in the first half of 2024

Source: RBC-Real Estate based on data from the Central Bank and the EISZHS

Mortgages under market programs accounted for 20% of loans issued in June. The remaining 80% goes to preferential programs. In monetary terms, the volume of issuance for them amounted to 629 billion rubles. This is 49% more than in May, when concessional loans were issued in the amount of 422 billion rubles. The acceleration of disbursements in the Central Bank is associated with the high activity of Russians on the eve of the completion of the preferential mortgage program on July 1 and changes in the “Family mortgage”.

Taking into account both market and preferential mortgages, a total of 788 billion rubles in loans were issued in June, the Central Bank reports. This is 44% more than a month earlier (546 billion rubles) and is comparable to the monthly average (780 billion rubles). a record for the total mortgage issuance in the second half of last year.

Taking into account the June figures, the total volume of existing mortgage loans issued by banks amounted to RUB 19.8 trillion, an increase of 3.1% over the past month. In May, the increase was less than 1.7%.

According to the results of last year, the 20 largest banks in Russia issued about 2 million mortgage loans totaling 7.8 trillion rubles. This is a record figure, the analytical center “Dom.RF” reported. Compared to 2022, the number of loans issued increased by 53%, and their total amount increased by 65%.

Источник