The size of loans for out-of-town real estate increased by 44%
The average size of loans approved by banks for the purchase of countryside real estate for the year increased by 44%, said in the federal company "Etazhi".
"Against the background of the action of preferential mortgage programs for the purchase of suburban real estate Russians began to request amounts almost 1.5 times higher than those that were in 2023", - explained the Deputy head of the mortgage department of the federal company "Etazhi" Tatiana Reshetnikova.
If in 2023, the average size of the approved by banks loan for the purchase of countryside real estate in Russia amounted to 3.741 million rubles, then at the end of 2024, it rose to 5.407 million rubles, and in January 2025 - up to 5.679 million rubles.
The main growth of the average approved loan amount, according to Reshetnikova, occurred because of the high demand for rural mortgages and the opportunity to take a loan of up to 12 million rubles at 3% per annum. The number of applications for rural mortgages in 2024 was 122% higher than a year earlier.
"Family mortgage also played a significant role, the share of which increased from 43% in 2023 to 52% in 2024, while the share of rural mortgages increased from 5 to 12% over the same period," Reshetnikova continues.
More affordable preferential mortgages allow Russians with relatively low incomes to get approval from a bank and take out a mortgage for a larger amount than the market rate.
"The increase in the cost of land plots and construction on them, as well as ready-made houses, also had an impact, because of which Russians were forced to request larger loan amounts. Plays a role and the fact that many of those who apply for preferential mortgage programs, trying to get approval for the maximum possible at their level of income amount, realizing that the inflation rate is incommensurate with the rate on the loan," - said Reshetnikova.
According to her forecast, in the medium term, the average size of approved by Russians mortgage loans for the purchase of suburban real estate will be at the level of 5-5.8 million rubles.
Earlier, on January 15, a member of the State Duma (United Russia faction), a member of the Committee on Budget and Taxes Nikita Chaplin told Izvestia that the "cooling off period" on the loan will help protect citizens from fraud. According to him, one of the key pluses for Russians is the opportunity to avoid impulsive decisions. The deputy noted that often people, under the pressure of circumstances or under the influence of emotions, agree to loans without fully assessing their financial capabilities and consequences.
