Life in Mortgage: Russians spend half a salary for credit

In the last three months, the ratio of average mortgage payments and average salaries in Russia was almost 50%. Almost 7 million families in Russia today pay interest and repay the body of debt on mortgage loans. This was reported by Russian media. It is noted that in the last three months the ratio of average payments with mortgage and average salary in Russia was almost 50%. This means that, to pay credit, Russians pay half of the average salary in the country.

So for a family with one person at work, the mortgage is financially burdensome. According to Russian journalists, in ten regions of the country the monthly mortgage does not exceed 40% of the average salary received in the hands.

The ratio of monthly payment for a mortgage and average salary looks like this: in Moscow, the average mortgage payment is almost 52 percent of the average salary, and 14 other regions of the Russian Federation to servic the mortgage loan should be given more than two -thirds of the average local salary. For example, in Karachayevo-Cherkesia, monthly payments for average mortgage need to spend almost a completely average salary in the region.

Also very high (from 80 to 90%) ratio of payments from the mortgage and average salary are in three other regions: earlier, focus said that in the Russian real estate market the number of ads about urgent sale of apartments increased. To sell their home faster, the Russians are ready to reduce prices. Yes, the average discount per square meter across Russia is 5. 1%.