Russians are “multiplying” mortgage debts — late payments increased by 37%

Analysts explained that we are talking about obligations that citizens have not serviced for more than three months. In absolute terms, the amount of such debts at the end of September 2024 reached a maximum of 136 billion rubles.

The head of the Analytics Committee of the Russian Guild of Managers and Developers (RGUD), Mikhail Khorkov, in a conversation with a Tsian.Zhurnal correspondent, confirmed that mortgage arrears are growing.

In absolute terms, the volume of problem loans is at a record level. There is nothing surprising here — the mortgage market has grown too quickly in previous years. Indicators in relative terms are also growing, but so far the share of overdue debt remains very low — less than 0.5%. Therefore, now this is not a problem for the market, but the very fact of the reversal is evidence that the market has moved to a new stage of development, — noted the expert.

He also suggested that the share of overdue mortgage loans will increase in the near future.

General Director of PIA Real Estate Maxim Eltsov drew attention to the fact that it is necessary to assess the level of arrears and its dynamics, first of all, based on data from the Central Bank.

Various analytical centers, of course, provide information faster, they have their own operational sources, but the Central Bank’s data is objectively more accurate. The regulator collects all information on the market, and it is this that you need to focus on as the primary source, — the specialist spoke.

According to him, the dynamics of mortgage arrears absolutely cannot be measured in absolute numbers.

The volume of loans issuing is growing, followed by the total mortgage portfolio, after which, of course, the number and amount of loans that are overdue are growing. Its growth is inevitable with an increase in the loan portfolio. But you need to look at the change in the share of overdue loans in the total volume of the mortgage portfolio — then this indicator will really give the overall picturenotes Maxim Eltsov.

He also added that since the beginning of the year, the share of overdue mortgage debt has increased by about 20%, but the figure is still at a level close to a historical minimum.

source: CYANOGEN