The volume of mortgage lending in 2011 could reach up to 580 billion rubles., Prime Minister Vladimir Putin, speaking with a report on the activities of the Government of the Russian State Duma, told Interfax. "According to our estimates, in 2011, will receive approximately 540-580 billion rubles. Mortgage Loans - Prime Minister said. Back in February portal www.irn.ru reported that after an enormous decline in mortgage lending in Russia - from 655.8 billion rubles. in 2008, up 152.5 billion in 2009 - its growth resumed in 2010. This year, the Director General of the Agency for Housing Mortgage Lending (HMLA) Alexander Semenyaka predicted a further increase in the mortgage market in 45,9-56,8%, which will reach 540-580 billion rubles. True, on average, each individual loan is smaller than before, the experts of the analytical center "Real Estate Market Indicators." How Semenyaka told reporters the amount of mortgage loans in 2010 totaled about 370 billion rubles. In 2009, Russian banks had issued 152.5 billion rubles. mortgage loans. Thus, this index in 2010 increased by 2,4 times. "The volume of mortgage loans in monetary terms, amounted to about 370 billion rubles. Last year, a 44% lower than the record year 2008 (655.8 billion rubles). "- said Semenyaka. According to him, the total number of loans amounted to 290 thousand HMLA suggests that if the positive trends in the economy continue, in 2011 the banks give to borrowers at least 415-460 thousand mortgage loans amounting to 580-640 billion rubles. Pre-crisis plank of mortgage loans of 650 billion rubles. will be exceeded in 2012, Putin believes. He also noted that the housing market there is a general revival of demand: the volume of loans in 2010 increased by 2,5 times. Simultaneously, the decrease in the average rate - from 14,3% per annum in 2009 to 13,1% in 2010, "Now, in April 2011, the loan can be obtained at a rate of 12.5%", - said the head of government, adding that it is "quite expensive". In the future should strive to ensure that mortgage rates dropped to 5-6% per year, added the head of government. This desire is understandable, if, for comparison, consider the possibilities in terms of the mortgage top officials. That currently can afford? According to financial disclosure statements, President Dmitry Medvedev has earned for the year 3.4 million rubles. Bank account, Medvedev grew by 1.5 million rubles - up to 5 million head of state still owns the land in 4700 square meters. meters in renting the apartment 367.8 sq.m in joint ownership with a spouse. The head of the Russian government Vladimir Putin for 2010 earned 1.1 million more than the year before. Income, Prime Minister of Russia amounted to 5 million rubles. He owns a land plot of 1500 sq ft, the apartment is 77 sq.m and a garage for collective parking. In addition, the Prime Minister has kept an apartment at 153.7 meters and garage 18 sq.m, received them in perpetuity in 2009 should not be considered, what income is needed to get a mortgage for an apartment of 360 square meters. m, especially not knowing its exact location, house type and number of storeys. Yes, and apartments of this kind can not always be a market assessment, though, because almost do not get on the open market. As it was the apartment of Mikhail Gorbachev in 1996 at the Sparrow Hills (building brick, three rooms, total area - 95 m, living 40 meters from the balcony). Then, few found the courage, but some realtors still have put the likely limits of $ 6000-8000 per square meter. m. For comparison: at the same apartment in "party" house on the 2-nd Tverskaya Street, where many prominent politicians, experts estimate at $ 3500 per meter. Ordinary buildings in remote areas were over $ 300. And now? But we can consider the medium variant. Apartment in the elite (or business-class) home area of ??130-150 square meters. m, in the Tver region or area of ??m. "Kutuzovskaya" in Stalin's home (where they were flat, Leonid Brezhnev, Yuri Andropov, etc.) can be estimated by a calculator on www.irn.ru approximately 50-55 million rubles. According to calculations, mortgage calculator, if we assume that the president would want to buy this "average" apartment, he banks on formal grounds to refuse. The first installment, based on savings in the bank account is 5 million rubles. Monthly Income: Dmitry Medvedev was in 2010 (by simple arithmetic calculations) 275 thousand rubles. A monthly mortgage payment (based on 20 years at 11%) on such a loan would amount to 350-485 rubles. In the latter case, the overpayment for the apartment will be 69.5 million (133.5%) of its value. For comparison, Freddie Mac posted the facts about mortgage rates in the U.S.. As a result of a week ago, rates on 30-year loan with a fixed rate (FRM) averaged 4.91%. Last year at this time, the average 30-year FRM was given at 5.07%. And it was, and continues a severe crisis: even the government employees of passport offices in the United States were sent on unpaid leave because of the impossibility of harmonizing the budget in parliament. Many Americans could not go abroad to rest. Money is not made of cans, and the banks mortgage lending in Russia are growing against the backdrop of increasing risk appetite, which is a factor that can have a positive impact on the ratings of Russian banks, said in a report released Thursday, April 21, 2011, a special comment of the international rating agency Moody's Investors Service. "This type of lending provides banks, albeit marginally, but a stable and permanent source of income - said Associate Vice President - an analyst for Moody's and author of the report Olga Ulyanov. - Also, to date, the quality of Russian mortgage lending has been relatively good. " The importance of the quality of mortgage loans for the general state of the economy can be found in articles on www.irn.ru «Mortgage embedded in affordable housing" and "Mortgage lending in the new environment will keep prices in late 2010, Moody's analysts expect that the volumes mortgage lending in Russia in 2011 will grow by 30%, the same rate of growth will continue into next year, according to Interfax-AFI ". This forecast is based on the agency opportunities arising from the small at the moment the size of the loan portfolio, and expects only a slight softening of tightening in recent years the conditions for granting loans. Under this baseline scenario, in 2011 Russia will receive about 570 billion rubles. ($ 19 billion) of new mortgage loans against 437 billion rubles. in 2010, "The risks to this baseline scenario is the willingness of banks to hold significantly more risky positions in hopes to increase its share of the market by recovering a significant mitigation of credit standards - said Ulyanov. - Although the implementation of the versions of events seems unlikely, if it happens, it will lead to a deterioration of the quality of new loans and postpone the clearance of loan portfolios of "toxic" assets. " As positive factors, Moody's notes the tightening of lending during the crisis and the large number of court decisions in favor of creditors. The agency notes that mortgage loans account for only about 7% of the total loan portfolio of Russian banks, resulting in any changes in this segment will have only very limited impact on the financial performance of banks. But in the long-term mortgage loans will have an increasing impact on the credit characteristics of the banks and therefore their ratings. In fact, according to Rosreestra in Moscow in the first quarter there were 4,486 transactions in housing, committed by means of mortgage lending. Compared to last year, the number of registered transactions increased by 26%. "In the first quarter of 2011, the number of mortgage deals has reached crisis level. Over the past six months, the number of banks active loans mortgage borrowers actually increased by two times, which also indicates the strengthening of the market. Banks have begun to compete for clients and went on ways to improve customer service "- quoted by Interfax CEO MIEL-Brokerage Alexei Shlenova. "Trends in I quarter of 2011 allow us to speak about the steady development of the mortgage market: banks cut interest rates and the size of down payment, increase the duration and size of the loan, override commissions for issuing" - the director of the department of private and corporate lending company Penny Lane Realty Roman Stroilov. Interfax cites MIEL-Brokerage: the average amount of loans taken to buy an apartment, was about 3 million rubles. In the segment of economy class almost every other transaction is made through mortgage lending, pointing in the Penny Lane Realty. Up to 80% is the deal with a budget of up to 5 million rubles. About 15% - 5.8 million rubles. and 5% - 10.8 million rubles.
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