Over 69,000 mortgage transactions registered in Novosibirsk region in 2018
In the Novosibirsk region, according to the results of 10 months of 2018, more than 69 thousand mortgage transactions have already been registered. The growth compared to the same period last year, when 54 thousand mortgages were issued, amounted to 28 percent.
Only in October of this year, 8.3 thousand mortgages were concluded, which is 21 percent more than in October 2017 , and by 62 than in October 2016. Compared to September 2018, last month the number of mortgage transactions increased by 11 percent, from 7,481 to 8,307.
Novosibirsk developers have noted growth for more than a year - in January-October 2016, 49.7 thousands of mortgage transactions, down 39 percent from 2018.
Analysts predict that growth in sales of apartments in Novosibirsk in 2018 will be 20-30 percent, and mortgages will remain the main driver. Developers believe that at the moment the market has the most favorable conditions for buying a home. The mortgage rate is going down, the prices remain within last year's limits.
In addition, Russia has set a new record for mortgages. In January-September 2018, Russians took out more money in mortgages than in the whole of 2017. More than 1 million loans were drawn for a record 2.1 trillion rubles.
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