Moscow mortgage payments fall to 262K rubles in June
In June, the average monthly mortgage payment for a new apartment in Moscow dropped to 262,500 rubles, or 67% of the average salary of two people, due to declining interest rates and rising wages. This trend was mirrored nationwide, with mortgage payments falling by 15.9% and their share of income dropping by 16 percentage points.
Consensus
- The average monthly mortgage payment for a new apartment in Moscow in June was 262,500 rubles.
- This amount represented 67% of the average monthly salary of two people in Moscow.
- The mortgage payment in Moscow decreased by 7% compared to the previous year.
- The share of mortgage payments in household income in Moscow decreased by 13 percentage points.
- The average mortgage payment across Russia decreased by 15.9% to 136,200 rubles.
- The share of mortgage payments in national income dropped by 16 percentage points to 62%.
- Ipotec rates in Russia decreased from 25% to 18.7% annually over the past year.
- Average monthly salary in Moscow increased by 11.2% year-on-year to 196,800 rubles.
- Average monthly salary across Russia increased by 5.7% year-on-year to 109,100 rubles.
- Average apartment price in Moscow increased by 23% to 20.8 million rubles.
- Average apartment price across Russia increased by 11.3% to 10.8 million rubles.
Points of divergence
- The average mortgage payment in Moscow is 67% of the average salary for two people. — kommersant
- The average monthly mortgage payment for a studio apartment in Moscow's new developments rose nearly fourfold from July 2021 to July 2026, from 60,200 to 228,700 rubles. — vedomosti
Coverage (3 sources)
- Payment for a new construction apartment in Moscow amounted to 262 thousand rubles in June — Коммерсантъ
- Share of mortgage payment in Moscow residents' income has fallen to 67% — Ведомости
- Share of mortgage payment in Moscow residents' income decreased by year from 80% to 67% — Коммерсантъ