Russian regions with the highest demand for mortgages named

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In the first quarter of 2021, the largest number of mortgage loans in Russia was issued in such regions as Moscow, the Moscow Region, St. Petersburg, the Republic of Tatarstan and the Sverdlovsk Region. This was announced on Thursday, April 22, by RT with reference to the National Bureau of Credit Histories (NBCH).

Marketing Director of the organization Alexei Volkov noted that the listed regions took leading positions not only because of the large number of the population, but also because of their advancement in the distribution of credit services. He added that the growth in the issuance of mortgages in the first quarter of this year compared to the same period last year is at the level of 15-20%.

The regions with the lowest mortgage loans were the Chukotka and Nenets Autonomous Okrugs, the Altai Republic, the Jewish Autonomous Okrug and Ingushetia. According to the expert, this is due to the fact that a number of Russian entities are included in the category of the most sparsely populated regions of the Russian Federation, which is exacerbated by the insufficient development of retail lending and banking services, as well as the remoteness of entities from the main credit and financial centers. However, in most of the list of regions in the first quarter of 2021, there was a slight increase in mortgage loans.

Alexey Volkov additionally explained that the growth of mortgage lending is stimulated by maintaining the high quality of the banks’ loan portfolio.

On April 20, it became known that in Russia in the first three months of 2021, 17.8 million square meters were commissioned. m. residential property. This figure is 15% higher than the data recorded last year.