In seven months, banks issued mortgages 29% less than in 2021. At the same time the percentage of approvals fell on the programs of preferential mortgages to 53%, and for market - to 39% of all applications filed.
The reasons for the market decline: the simultaneous rise in the price of housing, rising mortgage rates and falling incomes.
IF News: The Central Bank said that it is close to the end of its soft monetary policy, with a plateau or even an increase in rates ahead. In the future, mortgages will become more expensive and the demand for housing will fall. Affordable housing developers will suffer from this: PIK, Samolet.
