Mortgage alive. St. Petersburg banks expected surge in autumn

By the end of 2010 in St. Petersburg banks are going to significantly increase the volume of mortgage lending. Major market participants - Northwest Savings Bank and Bank VTB 24 - are going to increase the volume of issuance in 2-2,7 times. Surge in sales expected to fall, as evidenced by the nearly twofold increase in loan applications. Northwest Savings Bank, which accounts for more than 60% market share of home loans over the last seven months of 2010 increased lending by more than 40% over the same period last year, issuing a credit in the region of 5.5 billion rubles. , said managing director to work with businesses of the bank Elena Zemlyantseva. Until the end of the year, Sberbank plans to double this volume by providing loans to citizens for more than 10 billion rubles. Emphasis is placed on a new facility with developers, which assumes a 10 percent down payment and the rate of 10% per annum. Volume of orders under this loan proposal is 1.7 times higher, and the bank expects to issue an additional 120 million rubles. month, said Ms. Zemlyantseva. According to her, in the Northwest Savings Bank of loan applications almost doubled from month to month, and now the bank issues a monthly credit of 1 billion rubles. VTB24 branch in St. Petersburg for seven months, has granted loans totaling 740 million rubles., Which is 49% higher than last year. Until the end of the year the bank expects to increase lending up to 2 billion rubles. "We expect a significant surge in sales this fall, which is supported by growing demand for mortgage loans on the part of citizens", - said the Vice-President, Branch Manager VTB24 in St. Petersburg, Mi-Hail Joffe. Especially intensive program is implemented with state support at 11% per annum, in which the Bank VTB 24 got more than 200 documented bids in excess of 580 million rubles. and has already approved loans to more than 330 million rubles. Bank "Saint Petersburg" has statistics only for the first half of 2010, according to which its issue increased by 14%, to 124.85 million rubles. Despite the approach of summer and vacations, downturn in the mortgage market this year is not observed, and now a good time to buy real estate loans, said director of Private Client "Bank Societe Generale Vostok" in St. Petersburg Bogdan Chekomasov. In January-July, the bank has issued 92 mortgage loans totaling 185 million rubles., Of which the number and volume of 60% fall in the last three months. Almost the same amount of credit was issued for all of last year. The growth of sales with the use of mortgage programs and developers say. According to director of investment management holding company Andrew Ostanina RBI this year with their use is sold twice as many apartments, the percentage of mortgages in the total sales volume exceeded 30%. In the construction of "Temp" with a mortgage sold more than 50% of apartments, said Director of Development Morkovkina Xenia. And in "YIT St. Petersburg" share the mortgage now stands at 20% until the end of the year expected to increase to 25%, predicts a marketing director Catherine Gurtovaya. "The market is really returning customers with direct money, evidenced by the increase in the average loan amount from 1.5 million to 1.7 million rubles. Lending construction projects from developers develop different rates, in some cases up to 40% of purchases in separate houses is accomplished with the use of mortgage "- said the director of the First Mortgage Agency Maxim El'tsov.