Frank RG: the mortgage market began to recover in Russia after the collapse

September 6th. /MEDIA TALK/. On Friday, September 6, it became known that the mortgage market began to recover in Russia after the collapse. So, last month, banks approved 80,100 housing loans worth 371.9 billion rubles, which is 3 and 6% more than the July results in terms of quantity and volume, respectively, according to a study by the analytical agency Frank RG.

At the same time, the organization's specialists stressed that the annual dynamics of issuance has decreased significantly – by 62 and 57%.


Photo: ru.freepik.com

The average mortgage size rose to 4.64 million rubles last month, which is 3% more than in July. The value has become an absolute maximum for Russia.

Analysts noted that despite the positive dynamics of August, the issuance is still low. This indicates that the market has "not come to its senses" after the hype of June demand, provoked by the closure of the most popular subsidized program.

Recall that last Monday it was reported that mortgage issuance in 2025 may fall to the figures of five years ago. The NRA rating agency stressed that the current high rates on housing loans can be considered protective.