The average mortgage size in Russia is growing again

The average mortgage loan in Russia resumed growth in August after declining in July.

According to the National Bureau of Credit Histories , in August 2021, the average amount of issued mortgage loans amounted to 3.21 million rubles. In July, this figure was 3.1 million. Thus, the growth of the average bill for mortgage amounted to 3.7 percent compared to the previous month.

average mortgage loan in August were: Moscow (7.09 million rubles), Moscow region (5.17), St. Petersburg (4.49), as well as the Leningrad Region (3.85) and the Primorsky Territory (3.74).

Since the beginning of 2021, the average size of mortgages nationwide increased by 14.5 percent. In January, the figure was 2.81 million rubles. Compared to the same period last year, the growth amounted to 21.4 percent (in August 2020 - 2.65 million rubles).