The volume of lending secured by real estate in 2024 increased by 45%

The volume of loans secured by real estate has grown more than one and a half times. This was reported to Izvestia by analysts of the SaaS platform TYMY. At the same time, in general, lending in various directions in 2024 sagged by 40-50%.

"The positive dynamics of the segment of loans secured by real estate and property in general is explained by the fact that it is interesting, on the one hand, to banks, because for them here are lower risks, and on the other hand - to borrowers, for whom loans secured usually imply more loyal terms and low burden," - explained the product director (CPO) of the IT-company TYMY Nikita Arzamastsev.

According to analysts, 19 of the 27 largest banks in the Russian Federation have loans secured by real estate, for 2023 issuance on them amounted to 120.11 billion rubles, and in 2024 the volume amounted to 175 billion.

"One of the most popular options for the use of such loans is to pay for them at the expense of the down payment on a classic mortgage, but it can be used in other cases, for example, as an alternative to standard consumer lending, or in mortgages when the borrower does not pass the requirements for the down payment or income level, or when the bank did not approve a particular property from the secondary market," - added the expert.

Read more in an exclusive Izvestia piece:

Home leverage: Russians have become more likely to take loans secured by housing