Russians overpay for a mortgage three times

The high cost of a mortgage leads to the fact that Russian housing buyers return almost three loan amounts to the bank. According to the Penny Lane Realty mortgage rating, with a rate of 11.5-15.5% per year, payments increase by an average of 150 thousand euros, writes RBC Daily .

With such lending conditions, Russia was in 47th place, among countries such as Albania, Nicaragua and Honduras. The cheaper apartments go to residents of Denmark, Sweden and Spain: there, buyers overpay about 20% of the loan.

- Experts: market prospects to reduce the mortgage rate in Russia to 5-6%

When drawing up a rating for the availability of mortgage services, Penny Lane Realty experts analyzed data on 60 countries, as well as materials from the European Mortgage Federation. The calculations were based on a standard loan for Russia in the amount of 122.3 thousand euros (5 million rubles) for a period of 20 years, which is 60-70% of the cost of the apartment. It is assumed that the buyer already has the rest of the amount for the initial contribution.

As a result of the analysis of all payments for the use of a loan, analysts found that the Russian buyer extinguishes a loan at least twice. For example, the Sberbank rate 11.5% leads to overpayment of 141.1 thousand euros, or 215% of the mortgage amount, and 15.5% of Alfa -Bank - by 190.1 thousand euros, or 260% of the loan.

“For more than ten years, the mortgage market has been standing still and has not become more accessible to the vast majority of the population,” says Roman Stroylov, director of the private and corporate lending department of Penny Lane Realty. “In Russia, 70% of the monthly loan payment is the cost of interest, while in European countries the situation is accurate to the contrary.” The upper lines of the rating were occupied by European countries Denmark, Sweden, Spain, where the average interest rate is 1.3-2.4%, and the overpayment of the loan does not exceed 23%.

“If we compare interest rates in Russia and in most European countries and the United States, then the comparison will not be in favor of the first,” says Natalya Zavalishina, Director General of Miel -DPM. “Of course, in Russia, the use of a mortgage is less profitable than abroad.”

At the same time, the head of the mortgage lending service "Incom-Real Estate" Lev Plazelman notes that when drawing up such a rating, it was also necessary to take into account the inflation, refinancing rate and the income of the population "which vary in Russian regions." “Indeed, in Russia, one of the highest mortgage rates, but do not forget that the increase in prices and the inflation level are appropriate,” says Plazelman.

However, according to the director of the Rodex Group Marketing Communications Department, Igor Zajarlnikov, the refinancing rate in Europe on average is 1.25%, in the States tends to zero, and in Russia on May 3 - 8.25%. “Accordingly, loans in the same Europe for the purchase of real estate can be taken at less than 4%, and in Russia, although they write magic numbers 12, 10, 8, in fact it turns out 16, 18, 20% and higher,” concludes the interlocutor of RBC Daily.