Saint Petersburg01.08.2023 - 14:52

St. Petersburg residents became 11% more likely to take a mortgage

In total, almost 30 thousand loans were issued.

Фото: Freepik

For the first six months of this year, the volume of mortgage loans provided for the purchase of primary and secondary housing in the Northern capital amounted to 151.48 billion rubles. This is 19% more than in the same period last year, Vedomosti reports, citing data from the Central Bank.

The number of issued mortgage loans also showed a noticeable increase - 29,472 loans in six months, which is 11% more than in the same period last year. June turned out to be the most active month in terms of demand for mortgages, the total amount of loans issued this month reached 30.13 billion rubles for 5,877 loans.

The reasons for this increase in interest in mortgage loans are associated with the attempt of buyers to have time to purchase housing before a possible increase in mortgage rates. Demand for secondary housing mortgages has especially grown, while preferential programs with fixed rates become more accessible in the primary market.

However, along with an increase in demand for mortgages, experts also note an increase in the average rate on mortgage loans in St. Petersburg. Over the past year, the average rate increased by 2.1 percentage points and amounted to 8.45%. Rates for secondary housing now fluctuate around 12%, and for new buildings - 6-7%. In addition, the size of the average loan for the purchase of housing also increased over the year from 4.85 to 5.14 million rubles.

It is interesting to note that the average cost per square meter of housing has shown a decline. In the secondary market, the decline was 4%, and in the primary market - 3%. A square meter of an apartment in new buildings is estimated at an average of 231.3 thousand rubles, and in the secondary market - 199.5 thousand rubles.

Let's remind, earlier the government has supported the bill on preservation of hypothecary habitation at bankruptcy. Experts believe that this will help keep housing for those who regularly paid their mortgages, but faced difficulties.

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