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CIAN experts: renting apartment has become cheaper than mortgage

Due to a significant increase in real estate prices, renting a home has become more profitable than buying it with a mortgage. This fact proved to be true for Moscow, Ufa and Kazan. According to CIAN researchers, the difference in the price of rent and mortgage is growing. For this reason, many potential buyers prefer to remain tenants. The biggest difference is felt ...

ALL-TIME MAXIMUM DEBT BURDEN OF POPULATION IS REPORTED IN RUSSIA

... the unsecured consumer loans played a decisive role in the increase in indicators, says the review. During the pandemic, there was an increase in loan agreements, while the real income of the population did not grow. Despite the growth in the rate of mortgage lending, this fact did not have a significant impact on the increase in the debt burden. The reason, according to the regulator, is compensation in the form of a reduction in interest rates on loans. Debt load is the ratio of all loan payments ...

LOAN APPLICATIONS OF 60% RUSSIANS WERE REJECTED IN 2020

According to statistics of the National Bureau of Credit Histories, in 2020, only 33.9% of Russians received retail loans approval from banks.... ... already 62%. The number of unsecured loans and credit cards also declined - banks approved only 31% of applications. However, in mortgages, the situation is the opposite - more applications were approved than in the last four years, 71.3% of Russians received ...

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