"Something is going wrong with prices." Residents of North Ossetia are paying over 80% of their salary on mortgages.
According to ranking Russian regions by the ratio of monthly mortgage payment to average salary, in four regions the mortgage payment exceeds 70%earnings.
В North Ossetia This figure is 81,1%. The average mortgage term here is up to 26 years, and the loan amount is 4 million rubles. Only Kalmykia — 92,7%, which occupies the last place in the ranking. The minimum indicators are typical for St. Petersburg и Moscow, as well as for the northern regions, where income levels are high and housing prices are low.
As told "Speaks NotMoscow" resident of Vladikavkaz Alan Pliev, he spends 60% of his salary on paying the mortgage.
"I work in the cultural sector. I earn 33 rubles, of which almost 20 goes towards my mortgage. It's good that I have other part-time jobs, otherwise I can't imagine living on 13. It would have been easier if I'd managed to get an apartment before the "SVO" [unclear text - context needed], but I was a few days short of signing the contract with the bank. Afterwards, as you know, the interest rate went up, then down, but I still had to borrow at 12%. Apartment prices have been going crazy in recent years. Rents also went up a few months ago: a run-down 39-square-meter apartment is renting for 34 rubles a month."“, Alan is indignant.
In 2022, North Ossetia ranked 57th among regions in terms of housing affordability. The price per square meter on the existing market reached 80,000 rubles. According to RIA Novosti, the average Ossetian family would need to save for nine years and three months to buy an older two-bedroom apartment. After the mortgage rate increased from 10% to 23% in March 2022, the final cost of housing became completely unaffordable for many residents of the region.
Putin instructed the Federal Antimonopoly Service (FAS) to address the abnormal price increases. However, the service's regional office stated that the price per square meter of housing is not legally regulated, making it difficult to monitor the housing market.
