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Far Eastern regions are among the leaders in mortgage availability
The Magadan Region and the Kamchatka Territory were among the leaders in the ranking of Russian regions in terms of affordable mortgage. Kolyma took the second line of the rating, and Kamchatka became the sixth.
In the Magadan region, the share of families who could buy a mortgage apartment in 2018 was 61,8%. In 2017, this figure was 54,7%. In Kamchatka, this share was 43,9%, against 35,2% in 2017. In the 30-ke regions with affordable mortgages were also Amur region, Khabarovsk Territory, the Jewish Autonomous Region and the Sakhalin region.
According to the authors of the study, 2018 was a very successful year for the mortgage lending market: banks concluded a record number of contracts, updated the historical maximum in the total volume of mortgages. According to RIA News", growth is due to lower interest rates and a relatively stable situation with housing prices. Last year, Russia issued about 1,5 million new mortgage loans against 1,1 million in 2017. The volume of mortgages issued during the year amounted to 3,02 trillion rubles.