In the real estate market of the Moscow region, the number of transactions with apartments pledged by banks has noticeably increased. The fact that Muscovites rushed to get rid of mortgage housing is evidenced by the data of the MIEL network of real estate agencies provided to Lente.ru.
According to analysts, over the past three years, the number of transactions with apartments encumbered with mortgages has grown by 15 percent. Experts point out that currently more than 50 percent of home purchases are carried out with the involvement of a mortgage, and sometimes it is issued for long periods. “During this time, people change their life situations and financial circumstances, the composition of families, they are faced with the need to re-solve their housing issues, and apartments, which are still pledged by the bank, enter the market,” the experts explain.
They note that a few years ago the sale of an apartment with an unpaid mortgage was an unusual phenomenon – such transactions were rare. But by now the schemes for the sale of such housing have been worked out, and both the sale and purchase of mortgaged apartments do not cause difficulties. Problems can arise when using maternity capital, since the buyer is obliged to endow the children with a share of ownership in the purchased apartment, and this may lead to difficulties with further sale, realtors warn. Therefore, it is often unwise to invest in real estate acquired using mortgage funds, experts conclude.
Earlier, in February, Russian billionaire Igor Rybakov criticized mortgages. He advised compatriots to increase their income and save money in order to pay the entire amount for the apartment at once. “The discussion about mortgages is pointless. In fact, the one who took a taste of the mortgage – he got into trouble, put himself voluntarily into slavery, “- said the entrepreneur.