How many apartments can be purchased with overpaid mortgage interest in Russia's regions?
Perhaps the most sensitive issue related to the key rate hike is the cost of mortgages. NeMoskva decided to calculate how much an apartment will now cost in Russia's regions, taking into account the increased interest.
For the calculation we took data The Russian Ministry of Construction compiled a list of average prices per square meter in the regions, approved in 2024. They selected the 10 regions with the highest prices per square meter (excluding Moscow, St. Petersburg, and the Leningrad Region).
On According to According to the Unified Developer Resource, the average square footage of a residential property in new Russian buildings is 49 square meters. Based on this data, we calculated the average price of an apartment in these regions. And, how пишет «Dom.rf"The average mortgage term is 10-15 years. In our calculations, we used the longer term—15 years.
Given that the key rate is now 21%, banks will raise mortgage rates by several percentage points—that is, at least 25%, given existing rates. We used this figure for our calculations.
You can find more detailed data on the top 10 regions in our infographic. Considering that housing costs and mortgage overpayments are proportional, on average across Russia, the amount paid in interest in each region... You can buy almost 3 more of the same apartments.
Probably in connection with the latest news, Sberbank removed the mortgage calculator from its website.
Meanwhile, mortgage debt continues to grow. At the beginning of 2024, it stood at 61,2 billion rubles. By October 2024, it had grown by 28%, or 16,9 billion rubles, RBC reported.