Mortgages for new-builds are breaking records: two-thirds of purchases are mortgage-financed.

Mortgages for new-builds are breaking records: two-thirds of purchases are mortgage-financed.

      Experts attribute this dynamic to two key factors. First, the gradual reduction of the Bank of Russia’s key rate has made mortgages more affordable and bank deposit interest rates less attractive. This likely encouraged citizens to move funds from deposits to form down payments, reports the portal volga.news.

      Second, the surge in demand was fueled by the authorities’ decision to tighten the conditions of the "Family Mortgage" from February next year. From February, families with a child under six will be able to buy only one apartment at the preferential rate, not two as was previously possible.

      The main drivers of the market remain government-subsidized programs such as the "Far Eastern", "Arctic" and "Family" mortgages.

      Leaders by share of mortgage transactions in October were the Republic of Tuva (93%), Kabardino-Balkaria (92%) and Adygea (89%). Among the capital’s regions, the largest share of mortgages was recorded in the Moscow Region (69%) and Moscow (66%), where the figures also showed month-on-month growth.

Другие Новости Кирова (НЗК)

The threshold for VAT payments by small businesses will be lowered — Putin signed the law. The threshold for VAT payments by small businesses will be lowered — Putin signed the law. President Vladimir Putin signed a law on the phased reduction of the revenue threshold for small businesses, after which entrepreneurs operating under the simplified tax system (USN) and the patent system will have to pay VAT. In Kirov Oblast, the number of fraud victims is growing: losses have exceeded 1.2 billion rubles. In Kirov Oblast, the number of fraud victims is growing: losses have exceeded 1.2 billion rubles. Over the past week alone, more than a hundred new cases have been recorded in the region. The United Russia contest "People's Deputy" has become an effective channel for feedback from voters. The United Russia contest "People's Deputy" has become an effective channel for feedback from voters. Residents of 58 regions identified more than 400 of the best municipal practices. Three residential houses caught fire in the Kirov region within 24 hours. Three residential houses caught fire in the Kirov region within 24 hours. The Main Directorate of the Ministry of Emergency Situations of Russia for the Kirov Region reported on yesterday's incidents. Love horoscope: Libras shouldn't rush, and Sagittarians will captivate those around them. Love horoscope: Libras shouldn't rush, and Sagittarians will captivate those around them. Astrologers revealed what events in the realm of love will occur for all zodiac signs. In Sovetsk, National Guard officers found a pensioner who had been reported missing. In Sovetsk, National Guard officers found a pensioner who had been reported missing. A local resident, born in 1940, left home without outerwear or a phone.

Mortgages for new-builds are breaking records: two-thirds of purchases are mortgage-financed.

The share of mortgage transactions in Russia’s new‑build market continues to grow steadily and has reached a new high. According to Roskadastr, in October 68% of apartments in new developments were purchased using mortgage loans. That is 3 percentage points higher than in September and as much as 17 percentage points higher than in January.