The vast majority (90%) of Russians dream of owning their own real estate. However, 70% of compatriots believe that the only way to buy housing is through a mortgage. They consider a 30% down payment of the property’s value to be optimal, according to an investigation cited by “Gazeta.Ru” based on research conducted by the real estate investment company “FLIP.”

More than half (54%) of those surveyed want to expand their living space or acquire secondary housing for rental purposes. 40% do not own their own homes, while 6% stated that they do not need to buy or expand their property.

According to 82% of respondents, a payment ranging from 50,000 to 60,000 rubles (the average mortgage payment) constitutes a significant portion of their family budget. They consider an optimal amount to be no more than 30,000 rubles per month.

When arranging a mortgage, every third Russian does not have a financial safety net to make payments. 42% have funds for one to two payments, 15% have funds for three to five payments, and 5% have funds for more than five payments.

Meanwhile, 20% are prepared to sell their current property and make an additional payment to buy new housing, 6% can borrow the remaining amount, and 4% believe they can save up.

The overwhelming majority (89%) of those surveyed cited financial difficulties and uncertainty about the future as the main obstacles to buying an apartment.

In a survey conducted in June 2024, nearly 1,500 Russians aged 21 to 50 participated.

Photo: freepik.com

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