Mortgage rates in the North Caucasus are 1.5 times higher than the average in Russia
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- Mortgage rates in the North Caucasus are 1.5 times higher than the average in Russia
The average level of mortgage rates in Russia in 2024 reached a record 8.7% for the last five years. This follows from the statistics of the Central Bank, which was studied by Izvestia. These data take into account both market and preferential programs. Since people mostly took loans with state support, the figure is small.
At the same time, only in the North Caucasus last year the average level of interest rates on issued housing loans reached a double-digit level. The highest rate was in the Chechen Republic - 14%, only slightly lower in Ingushetia (13%). The percentages were also double-digit in Karachay-Cherkessia and Kabardino-Balkaria.
This high level of average rates may be associated with a low share of preferential programs in the total volume of housing loans in the Caucasus, said the chief analyst Sovcombank Anna Zemlyanova.
On preferential mortgage rates are fixed and do not vary depending on the region, recalled in the press service of the Ministry of Finance.
However, in the North Caucasus to take a housing loan with state support is more difficult than in many other subjects, explained the general director of the investment company in the real estate market LLC "Flip" Evgeny Shavnev. The fact is that many construction companies there do not work in full compliance with 214 federal law on shared construction.
The lack of official developers limits access to family support programs and other preferential products that help to reduce the burden of payments - for example, mortgage vacations, added Dmitry Osyanin, associate professor of the basic department of financial control, analysis and audit of the main control department of the city of Moscow Plekhanov Russian Economic University.
Read more in the exclusive material "Izvestia":
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