26.12.2025, 08:28
Russians were warned about a possible rise in housing prices
Source: OREANDA-NEWS
OREANDA-NEWS Extending the mortgage term to 50 years may cause an increase in housing prices.
According to him, the measure will reduce the amount of payment, but will affect the cost of apartments. The market will receive a new financial mechanism that will expand customer demand, and prices will adjust to the customer's capabilities. In particular, the increase in terms will affect the prices of new buildings.
"When the payment decreases, the value of lots rises, and the accessibility effect disappears. The overpayment on the loan increases, and the total purchase amount becomes even higher than with standard loan terms," the expert explained. Patanin stressed that taking such a measure would only increase the problem of housing affordability.
Earlier, experts predicted that the tightening of family mortgage conditions would curb the rise in prices for new buildings in 2026 to five to seven percent.
According to him, the measure will reduce the amount of payment, but will affect the cost of apartments. The market will receive a new financial mechanism that will expand customer demand, and prices will adjust to the customer's capabilities. In particular, the increase in terms will affect the prices of new buildings.
"When the payment decreases, the value of lots rises, and the accessibility effect disappears. The overpayment on the loan increases, and the total purchase amount becomes even higher than with standard loan terms," the expert explained. Patanin stressed that taking such a measure would only increase the problem of housing affordability.
Earlier, experts predicted that the tightening of family mortgage conditions would curb the rise in prices for new buildings in 2026 to five to seven percent.
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