The average income of a Russian family must exceed 100 thousand rubles to service a mortgage. In Moscow it should be more than 224 thousand rubles

The National Bureau of Credit Histories released a study that calculated the minimum recommended income of a Russian family in the regions of the Russian Federation and on average across Russia, so that banks could issue a mortgage to a family.

So, in Moscow this figure increased by 20% and amounts to a record 224 thousand rubles - this is the maximum among all regions.

Among the top three regions in terms of growth of this indicator are the Samara region (+9.1%), Novosibirsk (+8.8%).

On average across the country, the minimum family income increased by 2%, and this is the maximum increase in 4 years.

Let us recall that the volume of mortgages in Russia began to decline after the Central Bank’s key rate increased to 19% and the winding down of the preferential program for subsidizing loans to the population.

Fewer and fewer Russians are ready to take out a home with a mortgage (21%). At the same time, the government continues to come up with ways to stimulate lending to the population, but targets it at highly specialized groups: young officials or large families. Preferential mortgages can still be used by those wishing to obtain housing in the annexed territories of Russia, as well as residents of the northern territories of the Russian Federation.

The results of the four-year expensive state program to subsidize mortgage loans were not quite what the government expected.