In September, the Russian mortgage market issued 133.6 thousand loans - a record result since the beginning of the year, +41% compared to August and +45% in annual terms. At the same time, the number of banks able to participate in this division decreased from 249 to 216 that year.
The consolidation of the mortgage market around an ever smaller number of participants against the background of peak demand - is this a sign of healthy competition or a quiet monopolization that will hurt interest rates for borrowers in the next cycle?
Boris Kopeikin, Chief Economist at the Institute of Growth Economics named after him. P. A. Stolypin:
The main reason for the boom in September is the tightening from 1.
October conditions for family mortgages. Volume of issues under market conditions until August.
also grew, but only by 10%, and amounted to less than 30% of all loans issued.
At the same time, participation in government subsidized programs is becoming
The banks are less profitable. and the cost of financing, against the background of continued tough.
Monetary policy is not reduced. And it often increases, given that multiple players are dealing with deposit flows. Under these conditions, some of the smaller players actually refuse to issue mortgage loans for financial reasons.
considerations.
אבל השוק, שעדיין נשלט על ידי הלוואות במסגרת תוכניות מועדפות ונשלט על ידי הבנקים הגדולים ביותר, נותר תחרותי ביותר. הלווה שומר על בחירתו. אי נוחות מסוימת ללווים פוטנציאליים עלולה להתעורר רק בעיירות קטנות והתנחלויות, שבהן נתח משמעותי משוק ההלוואות בתנאי שוק עשוי להיות תפוס על ידי שחקנים אזוריים בעלי הבנה עמוקה של התנאים המקומיים. אבל גם כאן, כשעלות הכסף יורדת וההלוואות בשוק מתחדשות, שום דבר לא מונע מהבנקים לחזור לפלח הזה.