In December 2020, the size of family income that is comfortable for making mortgage loan payments decreased by 0.5 per cent compared to the same period in 2019, according to the National Bureau of Credit Histories, the “CIAN” database of real estate ads reports.
It is calculated that a family can comfortably pay off the mortgage with an income of 70.3 thousand rubles per month. It is noted that the size of the recommended family income is calculated as the ratio of monthly mortgage payments to the monthly family income. It is assumed that the amount of payment should not exceed one-third of a family’s income.
According to the calculations made, among the 30 regions with the largest volume of mortgage portfolio, the highest recommended family income was recorded in Moscow (149.8 thousand rubles). In the Moscow region, the family income convenient for paying off the mortgage was 113.1 thousand rubles, and in St. Petersburg 92.1 thousand rubles.