Ulyukayev said about the present “boom” in the mortgage market

In an interview with TV channel “Russia 24” the speaker was asked to assess people’s reactions to inflation and the situation in the economy. In response, the Minister said that there are two different trends. On the one hand, savings in March reached 15.7% of revenues, on the other hand there is a revival in some markets. “First and foremost is the housing market. The mortgage market in March and April is experiencing a real boom,” said the Minister.

Ulyukayev also noted the improvement of the situation in terms of granting retail loans — auto loans, retail loans. “There are trends that can work both in one and in other party” — said the Minister.

According to the National Bureau of credit histories, in the first quarter of 2016, the number of retail loans increased by 40.2%. If in the first quarter of 2015 were issued of 2.33 million loans in the same period this year – 3.26 million

The Bureau noted that the highest rate in the reporting period were recorded in the segment of secured lending: the number of mortgage loans increased 2.25 times, and auto — 65.7% (100,1 thousand against 60,4 thousand in the previous year).

In 2015, credit institutions have issued about 700 thousand housing loans (30% less than the previous year) totaling 1161,7 billion rubles (34% less than in 2014).

Their share in total loans granted to individuals amounted to about 20%, as compared to the previous year by 0.6 p. p. the Average size of loans has decreased from 1.74 to 1.66 million rubles, while in Moscow, he made up 3.63 million RUB.