DOM.RF for the first time named regional points of attraction for preferential mortgages

The DOM.RF Analytical Center for the first time assessed the trends in interregional transactions with preferential mortgages in the new building market: almost a third of housing is purchased outside the home region. The study was based on data on loan issuance in 2022–2023 (60% of the primary market).

According to the study, over the past two years, interregional transactions accounted for 28% of mortgages issued with state support (363 thousand out of 1.29 million loans). At the same time, in most regions the share of buyers from other regions does not exceed 10%. The points of attraction for investments from outside are mainly the capital regions: the share of such purchases in the Leningrad region is 71% (of which 36% are from St. Petersburg), in the Moscow region — 60% (including 29% from Moscow), in Moscow — 56% (including 18% from the Moscow region), in St. Petersburg — 47% (including 9% from the Leningrad region). Housing in resort areas and large economic centers is also popular: in the Krasnodar Territory, Adygea, Crimea, Sevastopol, Kaliningrad and Novosibirsk regions, etc.

“Looking at the geography of transactions in the primary market, we see a fairly high mobility of citizens within the country. Thus, when purchasing housing under construction in another region, 51% of borrowers choose another federal district. The number of such transactions amounted to 184 thousand, or 14%, of all preferential mortgage loans for 2022–2023, while 5% (62 thousand transactions) were purchases of housing in the western part of Russia (up to the Urals) by borrowers from the eastern regions (beyond Ural). Among the most active buyers are residents of regions with a low volume of multi-apartment construction: the Murmansk region, the Yamalo-Nenets Autonomous Okrug, etc. This once again emphasizes the importance of targeted government support measures aimed at increasing the supply of modern housing in such strategic regions of the country as the Arctic and Far East East,” concluded the head of the Analytical Center, Mikhail Goldberg.

Lost often, housing on the primary market in other regions is purchased by borrowers from St. Petersburg and the Leningrad region (6%), Moscow and the Moscow region ( 9%). Residents of the Sverdlovsk region (10%), Tatarstan (11%), and Novosibirsk region (11%) are also least likely to move. At the same time, the most “settled” federal districts are the Central Federal District and the Northwestern Federal District.