UBRD’s Mortgage Book Up 60%

UrBC, Yekaterinburg, June 6, 2018. The Ural Bank for Reconstruction & Development’s mortgage loan book rose to RUR 1.6bn this year, which is 60% more than in the last quarter of 2017. The better part of the loans got issued to borrowers based in Yekaterinburg/Sverdlovsk Region, Chelyabinsk, and Ufa, the bank’s press service reports.

According to the UBRD’s data, customers based in Yekaterinburg+Sverdlovsk Region, Chelyabinsk, Tyumen, and Novosibirsk mostly apply for a mortgage in order to buy a one-bedroom apartment; those based in Ufa, Kazan, and Kirov look to buy a studio apartment, and those based in Perm are interested in two-bedroom homes.

The average mortgage amount also varies depending on the city: Kazan, with its RUR 2.2m on average, comes first on the list, whereas Kirov (RUR 1.4m) is the last one. The largest-ever mortgage amount (RUR 30m) got issued to a borrower based in Yekaterinburg.


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