Mortgage payments for a studio apartment in Moscow have increased by…
Mortgage payments for a studio apartment in Moscow have increased by nearly four times over five years. Over the same period, the average price of a studio in new construction in Moscow has more than doubled, while monthly payments for market-rate mortgages have risen 3.8 times, according to RBC.
Consensus
- The monthly mortgage payment for a studio apartment in new Moscow developments increased from 60.2 thousand rubles to 228.7 thousand rubles between July 2021 and the present.
- The average price of a studio apartment in Moscow's new buildings more than doubled over five years, rising from 8.8 million rubles to 17.9 million rubles.
- The increase in mortgage payments is attributed to both rising property prices and a significant rise in average mortgage interest rates, which increased by 13.4 percentage points.
- The data is based on calculations by RBC Real Estate.
Points of divergence
- The monthly mortgage payment increased almost 3.8 times over five years. — vesti
- The demand for new apartments in Moscow decreased by nearly 36% year-on-year in the first half of the year, as indicated by expert commentary. — tvrain
- The demand for new apartments in Moscow decreased by nearly 16% year-on-year in the first half of this year, as indicated by expert commentary. — tg_tvrain
Coverage (3 sources)
- Analysts found out how much the mortgage payment in Moscow increased over 5 years — Вести
- Mortgage payment for a studio in Moscow increased almost fourfold over five years — Дождь
- Mortgage payment for a studio in Moscow increased almost fourfold over five years — Дождь (Telegram)