The expert spoke about the state of the Russian mortgage market

The volume of mortgage loans issued by Sber in May of this year amounted to 190 billion rubles, the Domclick analytical center reported, analyzing the distribution of Sber mortgages between the primary, ready-made and suburban housing markets.

"In May, the volume of mortgage loans issued by Sberbank amounted to 190.2 billion rubles, which is 1.4% higher than in April. At the same time, the primary housing market is in the correction stage: the share of new buildings is gradually decreasing for the third month in a row, falling to 71.2% by the end of May. The share of secondary housing, on the contrary, showed a smooth increase of 0.2 percentage points. On the eve of summer, there is also a revival of Russians' interest in the suburban real estate segment — by the end of May, its share increased by 1.4 percentage points and amounted to 16.7%," said Alexey Leypi, Director of Sberbank's Domclick department.

In May, Russians issued 135.5 billion rubles of mortgage loans for apartments in new buildings, which is 1.1% less than in April. The share of new buildings has been declining for the third month in a row, however, primary housing continues to be the leader in the mortgage market with a share of more than 70%. The highest share of new buildings in mortgage loans in May was recorded in Moscow (85.3%), Chuvashia (83.5%), and the Leningrad Region (83%).

The share of secondary housing increased to 9.9%. The volume of disbursements increased by 3.3% and amounted to about 19 billion rubles. The leading region in this segment is the Magadan Region (51%), where the purchase of second homes on Far Eastern and Arctic mortgages is possible without restrictions. The Murmansk Region (45.7%) and the Arkhangelsk Region (40.6%) took the second and third places.

The market for ready-made suburban housing decreased to 9.6%. However, in some regions, by the end of May, the share of suburban real estate exceeded twice the average in Russia. These are the Stavropol Territory with a share of 20.9%, the Kaluga Region (20.5%) and the Republic of Tatarstan (20%).