Muscovites rushed to apply for a mortgage.

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Date: 23 Sep 2022 Time: 18:48:48

Rosreestr: More than six thousand mortgage contracts were issued in Moscow in August

In August 2022, in Moscow, the number of registered contracts for participation in mortgaged shared construction (DDU) reached a record. The fact that residents of the capital rushed to get home loans, RBC reported with reference to data from Rosreestr.

In the ninth month of 2022, more than six thousand such agreements were signed in the capital. This indicator has become a record for the entire history of monitoring since 2009. Thus, 65 percent of transactions were for new buildings.

The indicator for August was seen to be 36.6 percent higher than the same period in 2021. The number of transactions has also increased by 31.6 percent compared to August 2020. In total, more than 42.9 thousand contracts have been signed on the Moscow primary market.

In August, the Russian Central Bank said that in July this year the average mortgage payment term broke the previous four-year record and increased to 22 years and 11 months. In total, in July, Russian residents issued 91.5 thousand mortgage loans, which is 40 percent more.


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