The volume of mortgage loans in Russia reached a new record level

The volume of mortgage loans in Russia has exceeded pre-crisis levels and reached a new record high — this year it may reach 1 trillion rubles, said at the XIX Congress of the Russian Union of Builders, the head of the Ministry of Regional Development Viktor Basargin.

"Our last year was the most successful — 650 billion rubles in 2008 was 630 billion rubles. This year, we expect that we shall arrive at one trillion rubles," — said Basargin.

According to the CBR, the amount of ruble-denominated housing loans in the Russian Federation, issued in January and February of 2012, increased compared to the same period of 2011 by 75.2% — up to 106.741 billion rubles. The volume of mortgage loans in January-February 2012 in rubles, compared with the same period in 2011 increased by 88.1% — up to 102.126 billion rubles.

HIGHLIGHTS OF MORTGAGE LENDING IN RUSSIA IN FIGURES

The number of mortgage housing loans between 2006 and 2011, in thousands (for the period)

Year 2006 2007 2008 2009 2010 2011
Number 204.1 214.2 349.5 130.1 301.4 520.8

Source: Federal Reserve Bank of Russia

Leading regions in terms of mortgage housing loans in rubles on January 1, 2012 

The volume of the region, mln Number of units

1. Moscow 79236 21953

2. Tyumen Region 54,290 30,583

3. Moscow Region 49,278 19,971

4. Saint Petersburg 32695 14557

5. Sverdlovsk Region 23,993 18,040

6. The Republic of Tatarstan 21,386 27,920

7. Krasnoyarsk 20,403 15,612

8. Chelyabinsk Region 18,653 20,206

9. Krasnodar region 17,399 12,835

10. Samara Region 17 261 15 921

11. Novosibirsk Region 15,848 12,377

12. The Republic of Bashkortostan 15,619 17,551

13. Irkutsk Region 14,662 12,539

14. Nizhny Novgorod Region 14,089 12,387

15. Rostov Region 13,814 10,298

Source: Central Bank of Russia

there are housing loans in the currency more 

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