Mortgages Issuance in Moscow Reaches New Record

Residents of Moscow from January to August 2021 signed 82.7 thousand mortgage agreements – an absolute record in the history of the capital’s real estate market and 44% more than the results of the same period last year, the press service of the Moscow department of Rosreestr reported.

Moscow has traditionally been the leader in the Russian mortgage market. Residents of Moscow by mid-September took 26.7% of the total amount of mortgage loans under the state program.

By September 16, 2021, 495.8 billion rubles of mortgage loans were issued in the capital, an increase of 84% ​​more compared to the beginning of this year.