Anton Beloglazov “Preferential programs for the purchase of housing can reduce the attractiveness of installments”

According to the real estate agency «Miel», installments from the developer, long considered an attractive alternative to mortgage, is beginning to face problems. There are more frequent appeals of clients who have made installments in 2022–2023 for the purchase of housing. As the date of the principal payment approaches, many of them realize that they do not have the funds to repay it. Due to high mortgage rates and refusals to approve new loans, some of them are forced to consider selling their apartments to avoid financial problems and avoid being trapped in debt.

According to data provided by Anton Beloglazov, by the end of 2024 — beginning of 2025 payment by installment has become an even more popular form of purchasing housing in the primary market. According to Forbes, the share of transactions in new construction using installment payment increased to 35% by the fall of 2024. This is confirmed by the statistics of search queries, in July 2024 requests on the topic «installment apartment» came to around 24.4 thousand, and by January 2025 — almost 80 thousand. «However, we should not expect further rapid growth in the popularity of payment by installments in case of lower mortgage rates and expansion of preferential programs," concluded the expert.