In Russia in October 2018, the volume of mortgage loans increased by 40% compared with the same period last year, writes dom.rf.

It is reported that within 10 months, according to preliminary data, housing loans in the amount of 2.37 trillion rubles were issued in the country.

55% of transactions were concluded on the basis of an application for the purchase of housing in new buildings.

According to analysts, the volume of mortgage lending in 2018 will reach 3 trillion rubles.

Earlier it was reported that banks in Russia will support mortgage borrowers who find themselves in difficult life situations. Mortgage reorganization may be mandatory for lenders from 2019. The relevant amendments to the law were prepared by the Central Bank. Borrowers can apply for reorganization once every 5 years under certain conditions.

In particular, if the family income decreases by 30% or the monthly payments on the mortgage loan increase by the same amount. In this case, the bank will reduce the repayment of the loan for one year, but its full cost will not change.

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