Dipping Mortgage Demand in Kuban: A 41.8% Decrease
Homeowners in Kuban District showing decreased interest in mortgage loans
Home loan seekers in Kuban have taken a step back, as revealed by the Bank of Russia. The volume of mortgage issuance has dropped a staggering 41.8%, according to March 2025 statistics.
The figures for this period show a rough estimate of 10.6 billion rubles in mortgage contracts signed with banks, marking a significant decline from the same period in 2024, where people took out 18.2 billion rubles in loans. Although there is a 29.3% increase in volume compared to February 2025, the decrease from 2024 has been noteworthy.
Moscow holds the title for the highest volume of mortgage loans issued, amounting to 35.7 billion rubles. The Moscow region follows suit with 22.3 billion rubles, and St. Petersburg ranks third with 15 billion rubles. The Kuban secured the fourth spot, trailed closely by the Tyumen region with 10.6 billion rubles.
The regions with the most substantial growth in mortgage loans are the Rostov region and the Kuban, with a 32.2% and 28.7% increase respectively.
Interestingly, the mortgage portfolio for equity participants has reached 223.8 billion rubles, landing it in fifth place nationwide.
Industry experts also pointed out that the average mortgage size in the Kuban has grown to 4.72 million rubles, representing a 1.9% increase from March 2024. In terms of this indicator, the Kuban ranks eighth nationally. With a median mortgage amount of 7.38 million rubles, Moscow takes the first spot, followed by the Moscow region at 5.81 million rubles. St. Petersburg ranks third with an average mortgage amount of 5.73 million rubles.
Previously, we reported a 20% surge in cash transactions for secondary real estate in the Kuban.
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Factors Affecting Mortgage Issuance
The reduction in mortgage issuance in Kuban could be influenced by various factors, some of which include:
- Economic conditions: Stable and growing economies tend to positively impact mortgage lending.
- Government policies: Subsidies or tax incentives for homeowners can boost mortgage issuance.
- Housing market: A thriving housing market can attract more buyers and consequently increase mortgage issuance.
- Demographic factors: Shifts in population demographics such as migration or changes in family structures can also affect housing demand and, in turn, mortgage issuance.
For more accurate insights into the increase in mortgage issuance in the Rostov and Kuban regions, it would be beneficial to consult local financial reports or databases that monitor mortgage activity.
- Amid the decrease in mortgage demand in Kuban, potential investors may want to look into other avenues of investing, such as the real-estate sector, given the reported 20% surge in cash transactions for secondary real estate in the region.
- With the notable decline in mortgage issuance in Kuban, understanding the factors affecting mortgage lending, such as economic conditions, government policies, and the housing market, could provide valuable information for those interested in financing or real-estate investing in the region.
