Russians began to massively sell their homes in installments

In some Russian cities in the secondary and rural segments, about 7-10% of facilities are already being sold using installments, market participants told Izvestia. And from 40 to 50% of owners are ready to provide them.

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"Thus, the owners began to earn up to 25% of the value of their property by selling it in installments. The prolonged period of high key interest rates has led to the fact that real estate sellers have become more likely to offer installments when selling their apartments, both free of charge and with interest accrual for its provision," said Regina Dydalina, Executive Director of the federal company Floors.

Such a sales tool has become particularly interesting for those who sell investment apartments, as well as for buyers who are at the stage of selling their real estate, but already want to move to a new home.

For comparison, with a mortgage of 4 million rubles for a period of 36 months, at a rate of 28%, the monthly payment is 165.6 thousand rubles, and the overpayment for the entire term of the loan is 1.9 million rubles. If the seller is ready to provide installments for the same amount and term, at 15% per annum, then the monthly payment will amount to 138.6 thousand rubles, and the overpayment will not exceed one million. At the same time, the seller will earn an additional 991.8 thousand rubles.

Read more in the exclusive Izvestia article:

Payment expectations: home sellers began to issue installments themselves for the secondary