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Young people in Russia began to take mortgages more often - EastRussia | Far East

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Young people in Russia began to take mortgages more often

Young people in Russia began to take mortgages more often
Photo: pixabay.com

Last year, more than half of the Russians who entered the mortgage were younger than 30. According to experts, this was influenced by state programs to support young families. Most of these borrowers are married, have children and have a stable income.

As reported"News" with reference to representatives of the Ministry of Construction and Housing and Public Utilities of the Russian Federation, 55% of 2018 mortgages of the year are youth. This is a record figure, starting from the 2006 of the year, then there were no more than 20% of the total. Experts attribute this to more loyal conditions of banks. Now you can take a home loan starting from 21 years of age and with 12 months of experience.

In total last year, 800 thousand housing loans totaling 1,7 trillion rubles were issued in the country. So far, only 1% of borrowers younger than 30 years have serious mortgage debt, experts say.