Domclick assessed the reduction in the debt burden of Russians on market mortgages

The debt burden on market mortgages decreases as borrowers' incomes rise, and the cost of purchased housing increases along with the real estate market. This is the conclusion reached by analysts of Sberbank's Domclick service based on the results of a study of mortgage payments and housing price dynamics.

As noted in the study, from 2019 to 2025, the average payment on a newly issued market mortgage was 40-45% of the borrower's income at the time of the loan. During this period, the mortgage payment increased 2.09 times, and the average salary increased 2.12 times, which made it possible to maintain a comparable level of payment burden.

At the same time, as incomes grow, a fixed monthly payment takes up a smaller and smaller share in the family budget. According to analysts, the payment-to-income ratio (PTI) has almost halved in five years.
Domclick also noted that about 55% of market mortgage loans are issued with a co-borrower. In such cases, the burden on each borrower's income is significantly lower.

According to analysts, it is precisely because the burden of payments decreases as income increases, that most borrowers use the released funds to repay the loan ahead of schedule. As a result, the average actual repayment period of a market mortgage is 4-5 years, although such loans were issued for 19-20 years.

Analysts also point out that the cost per square meter of housing is growing at a comparable pace with average salaries. According to experts, the expectation of more favorable conditions for buying a home in such a situation may lead to the need to apply for a mortgage for a larger amount.