HMLA expects growth in mortgage arrears in 2013

The growth rate does not interfere with the market of housing loans to show impressive results. According to the forecasts of the Agency for Housing Mortgage Lending (AHML), this year the bank will issue a maximum in the history of mortgage lending volume - 1 trillion. For the record credit institutions will have to pay in 2013 - the market is expected to stagnate and growth delay.

 In the past year, banks will beat the record for the volume of mortgage loans - up to 2011, it rose by 300 billion rubles. HMLA associates this figure with the demand for them on the part of borrowers. As explained by the agency in its review, the full year rate on loans to purchase real estate grew, so many people rushed to buy housing, while borrowing costs remained at a comfortable level. From January to December, the average cost of mortgage loans increased from 11.9 to 12.5%. By the end of next year, predicts the average market rate HMLA 13.5%.

 Because of the growth rates in the next year, analysts do not expect growth in agency mortgage market, and point to a possible increase in the share of overdue loans. Involving expensive funding, banks have not been able to price competition, so that in many credit institutions decreased requirements for borrowers, according to the HMLA. Since the beginning of this year, six active players in the mortgage market have introduced credit products, allowing customers to get a loan without income. Among them are the largest banks - Sberbank, VTB 24, "DeltaCredit" and Rosbank.

 "The issue of such loans do not carry a high risk, and we do not expect growth delay," - said the head of the Department of Financial Institutions Bank "DeltaCredit" Vadim Pahalenko. According to him, the Bank carries out all the necessary checks to ensure that the borrower works, where he pointed out, and get as much as indicated. In addition, the minimum down payment on such a product - 35% of the property value, on average, he is 56%.

 "Reducing the amount of the market in the next year will be due both to stop the growth of incomes of the population and the insufficient number of housing under construction", - believes Mr. Pahalenko. Another reason less rapid growth - already achieved a large amount of the market. The Senior Vice President of VTB 24 Andrei Osipov, next year, the increase in mortgage lending will slow due to saturation of the pending crisis in demand.

 According to head of mortgage UniCredit Bank Alexei Musatov, year-end demand from the citizens began to decline. "If the summer loan for housing could be taken at 12%, now you can barely get under 13% - it cuts off part of borrowers," - says the financier. Head of sales of mortgage products Nordea Bank Roman Slobodyan agree with HMLA: next year will continue to increase in interest rates that began in the second half of this year. "Most likely, 2013 will be year of waiting and preparation for further growth in the market in 2014," - said Mr. Slobodian.

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