Experts spoke about the impact of the "Family mortgage" on the "secondary" market

The expansion of the Family Mortgage program for secondary housing in Russia has had an impact on the real estate market. Thus, some families who previously could not buy an apartment were able to improve their living conditions, analysts at Sberbank's Domclick service said.

The changes also affected sellers of real estate in cities with low construction volumes. "As a result, a chain reaction of transactions was launched, reaching major cities across the country. Funds were released along the entire chain, allowing those who had not previously had such an opportunity to purchase housing," the experts noted.

Examining the dependence of prices for secondary real estate on the "age" of the house, analysts found that in April there was a sharp short-term "drawdown" of the average cost of a "square" in houses built in the noughties, tenths and twenties (by 11-12%). At the same time, the prices of apartments in Soviet and Yeltsin buildings have not changed much.

"It was completely natural to associate this effect with the launch of a "Family mortgage" for secondary housing on April 1, 2025, which was issued for apartments in houses no older than 20 years. However, a similar, albeit less pronounced anomaly was observed in April with prices for second homes purchased outside the framework of this program," the experts noted.

In April, less well-off borrowers began to purchase ready-made housing at market rates. They were less likely to be interested in second-hand homes built in the 21st century, and more likely to choose apartments in need of renovation. These features were observed both in Moscow and in the regions.

"Any impact on the market always leads to a chain of changes. The extension of the family mortgage program to secondary housing was conceived as a social measure aimed at helping people from cities where almost no new housing was being built. As a result, as it turns out, the program has helped to improve the living conditions not only for buyers, but also for sellers, perhaps even a chain of sellers and buyers," stated Alexey Leipi, Director of the Domclick department.

All important news is on the Izvestia channel in the MAX messenger.