Mortgage terms have exceeded a quarter of a century

November 8. /MEDIA TALK/. As the Bank of Russia informed the Izvestia newspaper, the average term of a mortgage loan issued in September 2024 was 303 months (25 years and 3 months). It is noted that the indicator is growing year by year, but it showed the greatest dynamics in 2023, when the issuance period increased by one and a half years at once. Under preferential programs, the refund period exceeded 26 years (314 months). The banks issued the longest mortgage loan for 29 years.


Photo: ru.freepik.com

In the metropolitan agglomeration, the average terms of preferential mortgages are longer than the national average, due to the higher cost of square meters. According to experts, the increase in loan terms is associated with an attempt to balance the increased rates and real estate prices.

We recently wrote that almost 500 billion rubles have been additionally allocated from the reserve fund to finance preferential mortgage programs.