Mortgages grew by 2,6 times

Despite the high interest rates on mortgage loans that people went to the banks for money to buy apartments. For the first nine months of this year the volume of mortgage loans increased by 2.6 times compared to the same period in 2009, has estimated the Agency for Housing Mortgage Lending. The Russians took from banks 234.2 billion rubles for the purchase of 187.3 thousand properties. According to the Bank, only in September alone was granted 28.372 thousand mortgages at 35.9 billion rubles. Agency for Housing Mortgage Lending says confident recovery phase of real estate market. Despite rapid growth, according to research portal Bank.ru, 97% of the inhabitants of the country can not afford to buy a home mortgage program. In the more square footage available 45% due to the low income level. A third of respondents did not borrow because of high interest rates of banks and 17% said the cost of real estate is seriously overpriced. Were lucky 3% of respondents who have already bought an apartment on the mortgage.