The issue of family mortgages has increased by one and a half times over the year

Russians took out a family mortgage for 181 billion rubles in February. This is 60% more than in the same period last year, according to Dom.Russian Federation", which were reviewed by Izvestia. In total, banks have issued 32 thousand concessional loans — their number has also increased by one and a half times over the year.

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In February, VTB's family mortgage issuance tripled compared to the same month in 2024, at Absolut Bank it doubled, and at Bank Saint Petersburg it increased 10-fold, representatives of the organizations said.

According to Frank RG estimates, a total of 219 billion rubles worth of mortgages were issued in February. At the same time, the program for families with children accounts for more than 80% of all housing loans in the country.

Starting in July 2024, only families with at least one child under the age of six can apply for a preferential mortgage at 6%, which has greatly narrowed the number of potential applicants for a family mortgage. Before that, families with two children under the age of 18 could take it. Nevertheless, a year later she became even more in demand.

At the same time, the authorities continue to discuss a significant reduction in requirements for borrowers. On behalf of Deputy Prime Minister Alexander Novak, the departments should work out the issue of admitting couples with one child under 18 to a family mortgage. In this case, the benefit will become even more affordable than it was before the last changes in mid-2024. However, Vladimir Chernov, analyst at Freedom Finance Global, noted that this could lead to a significant increase in housing prices.

Read more in the exclusive Izvestia article:

Preferential qualification: the expansion of family mortgages will lead to an increase in housing prices by up to 20%