The Central Bank made it for closing the program of preferential mortgage lending with a rate of 6.5%. According to the head of the department of financial stability of the Elizabeth Danilova regulator, the program prolongation is fraught with risks for the real estate market and citizens: housing prices are growing, due to falling income, less borrowers can pay a loan.
As Elizaveta Danilova said, the preferential mortgage lost socially directed in nature: low-rate apartments are bought by no need to improve housing conditions, and investors. Investors are heated demand in the market and thereby increase prices. In turn, people who bought real estate "for life" risk not "pulling" debt burden due to falling income. Experts predict defaults, the volume of overdue payments for mortgages only for the 2020th increased by 11.3% to 71 billion rubles.
"If you start" socially orienting "mortgage (which is generally understood by a reasonable move), for example, to give it only those who have no housing - sales will fall at times, plus will immediately begin" trading passports "(trade in benefits). The number of loans in the 2021th will decline in any case. No exit of the crisis and recovery of the market without increasing the level of income of citizens is not viewed. And this is possible only with the weakening of regulation and reduce the tax burden, which the government is clearly not going to do. We have analysts like to compare the debt situation in Russia and the USA: they say, they have 90% of citizens live on credit, and we have only 28% (Nafi data). Therefore, "there is where to grow." But there is another side of the medal: the low level of "penetration" of mortgages in Russia implies less stability. To start the "Domino effect" (defaults grow, risks are growing - banks raise rates to compensate for losses - citizens will not cope - non-payments are growing), in Russia it will take much less problematic and default loans than in the USA, "comments the market expert Dmitry Sinkin.
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