Marina Nelyubova: the development of mortgage lending in Russia

Marina Nelyubova, Deputy Director of Retail Banking SME Bank, shared with the portal of your opinion on the state of the mortgage market. The mortgage market is now being actively restored and issuance of approaching pre-crisis levels. Tendency to increase the number of mortgage loans, outlined in 2010, continues to exist in 2011. So, in January - February this year was granted in 2 times more housing loans over the same period in 2010, and 3 times more than in January - February 2009. Growth rate of the mortgage market allowed to adjust forecasts to achieve the level of 2008: a new issuance volume is possible in the current year. More active in a number of reasons related to the specifics of the crisis, the recovery process occurs on the secondary market. The crisis of the hardest hit by construction sites, reducing sales and credit purchase apartments in the primary market to almost zero. For those wishing to buy a flat "secondary housing, so that was practically the only option. But do not forget that since the collapse of the primary market was more serious, and recovery will occur more rapidly, until you hit a problem of insufficient volume of constructed space. So, now and in the short term for banks and customers not willing to risk or postpone moving for a long time, the priority remains the secondary market. In this growing trend to implement joint programs developers and banks. To date, the volumes of primary and secondary markets can be compared as a ratio of 1:10. For issuing housing loans for 2011 among federal districts lead the Central and Volga, which together have provided just under half of the final outcome for Russia. That, however, correlated with the population of these regions. Average amount of loans issued by regions is currently as follows: Moscow - 3 mln., St Petersburg - 2 mln.; Other regions of Russia - 1 million rubles. The average loan amount is correlated with an average income of the population in the region. Rosstat Data Bank of Russia's regions is, people. 01.01.10, revenues, rub. 3 square. 2010 Credits, ea. on 03.01.1911, the issuance of credits, mln. on 03.01.1911, the average amount mln. Russian Federation 141 914 509 18 453.0 51 731 60 865 1.177 Central Federal District 37 117 984 23 172.3 9 655 16 617 1.721 Volga Federal District 30 109 389 15 673.6 13 610 11 816 0.868 Siberian Federal District 19561087 14 346.0 7 849 8 300 1.057 Southern Federal District 13 713 495 16 000.4 3 075 3 568 1.160 North-West federal district 13 437 106 19 852.6 4 178 6 351 1.520 Urals Federal District 12,280,123 20,542, 3 6848 9254 1.351 North Caucasus Federal District 9 254 940 14 465.4 4 540 2 270 0.500 Eastern Federal District 6 440 385 20 939.9 1 976 2 689 1.361 Moscow 10 563 038 41 106.7 2 132 6797 3.188 St. Petersburg 4600276 1926 725.6 1,278 3,037 2,376