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Mortgage debt in Russia is record high - EastRussia | Far East

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Mortgage debt in Russia is a record

Mortgage debt in Russia is a record
Photo: pixabay.com

The volume of debt of Russians on mortgage loans exceeded seven trillion rubles. This amount was almost seven times more than the 2010 of the year and was a record for the country.

As the RIA News", mortgage portfolio volumes increased in all 85 regions. And if at the beginning of this year, the total amount of loans amounted to 6,4 trillion rubles, then by the beginning of July it reached seven trillion rubles.

Most of all, the mortgage portfolio grew in Moscow (822 billion rubles), Moscow Region (587,2 billion) and St. Petersburg (431,8 billion). A record growth in mortgage volume occurred in the Crimea, where the total amount of housing loans since the beginning of the year has grown by one third, exceeding the average Russian growth rate by 3,4 times. However, there the volume of the mortgage portfolio is still quite modest - 11,3 billion rubles.

The smallest volumes of mortgages grew in Ingushetia, the Nenets Autonomous Okrug and Chukotka.