Back in the spring, the capital's housing market was predicted a deep crisis and stagnation – construction sites and sales offices of new buildings were quarantined, the number of transactions in the secondary housing market also dropped significantly, writes Rossiyskaya Gazeta. However, in the summer, interest in housing began to recover, and by the end of August Muscovites took preferential mortgages for 90 billion rubles. This is a quarter of all such loans issued in Russia, said the deputy mayor of the capital, Vladimir Efimov.
More than 17,500 loans have already been issued in Moscow, and their number is constantly growing – some banks do not have time to process incoming applications. The conditions are really attractive, the rate of 6.5% is the lowest in the history of Russian housing lending. In addition, since the start of the program, its conditions have been further relaxed. For example, if at first the “ceiling” of preferential loans in Moscow and the Moscow region was limited to 8 million rubles, now the amount is one and a half times higher – 12 million. The down payment has also decreased from 20% to 15%. Thanks to this, a loan with state support can now be taken for most apartments, and if you agree to a studio in the Moscow region, then 300-400 thousand rubles will be enough for an initial payment.
In addition, not only the state, which launched preferential mortgages, but also banks are meeting the borrowers. Many of them offer rates even below 6.5% – in some cases, you can take out a loan at 6% or even less.
Experts note that the demand for housing this summer has not only increased rapidly, but also changed. Firstly, there are more mortgage contracts – here the decrease in rates played a role. But there is another, less obvious trend. The popularity of studios in new buildings has reached a historical maximum – in July their share was almost 13%, having doubled over the year.