The number of mortgage transactions has increased in Russia

The number of mortgage transactions in April 2025 increased by 30% compared to March, the analytical center of the M2 platform told Izvestia on May 18. Roskadastr confirms the positive dynamics, recording an increase of 13%. At the same time, every fourth transaction in the housing market in April was a mortgage.

According to experts, this is due to the seasonal revival in the real estate market. In addition, the expansion of family mortgages in the regions had a positive effect.

However, compared to the same period in 2024, the number of mortgage transactions on the market, according to Roskadaster, decreased by 37%. Among the reasons for the annual decline are the cancellation of publicly available preferential mortgages at 8%, tougher conditions for family and IT mortgages, an increase in the key rate and the introduction of escrow accounts for individual housing construction.

The top 5 regions in terms of mortgage demand in April included Moscow - 9% of mortgage applications from all on the M2 platform, Krasnodar Territory — 6%, Bashkortostan, Tatarstan and the Moscow Region — 5% each. St. Petersburg dropped to sixth place: despite the fact that the number of mortgage applications in the Northern Capital increased by 36% during the month, the growth rate in other regions was significantly higher.

The burden of waiting: government programs continue to play a key role in the mortgage market

Until the key rate is lowered, only installments from developers can be an alternative.

The mortgage-free segment is also experiencing steady growth. In April, the number of transactions with secondary housing in M2 increased by 24%, with new buildings — by 2.2 times. In the market as a whole, more than 75% of transactions are executed without attracting borrowed funds. If we talk about the dynamics of the segment, 11% more transactions were registered in April than in March, but 11% less than in the same period last year.

Dmitry Smirnov, Head of the Analytics and Data Department at M2, clarified that spring is one of the most active seasons in the real estate market. As a rule, during this period it is easier for people to make a decision about buying a home and start private construction.

"On our platform, we see a 20% increase in the number of transactions compared to the previous month. In total, by the end of April, 390 thousand real estate transactions were registered in the Unified State Register of Legal Entities, which is 12% more than a month earlier. But in annual terms, there was a decline in this indicator against the background of the tightening of the Central Bank's monetary policy and the adjustment of government programs. In M2, the number of transactions decreased by 29%, and in the country as a whole — by 18% compared to April last year," he added.

Earlier, on May 16, it was reported that the average mortgage bill increased to 4.4 million rubles by April 1. This follows from the statistics of the Central Bank of the Russian Federation. Since the beginning of the year, the indicator has increased by 10%. The average term of housing loans has reached 310.7 months, or almost 26 years.