Mortgage market of Kazakhstan grew by 10% over year
The share of mortgage loans in the total volume of retail loans for the year decreased from 24.7% to 24.1%.
In Kazakhstan, the portfolio of mortgage loans by the end of March 2018 reached 1.1 trillion tenge, which is 10.4% more than a year ago. At the same time, the total volume of retail loans as a whole grew by 13.3% in the same period, to 4.6 trillion tenge.
As a result, despite the growth, the share of the mortgage loans in the total volume of retail loans for a year decreased from 24.7% to 24.1%.
Among the regions, annual growth in mortgage loans was recorded in 15 of the total 16 regions, a decline - only in Almaty.
According to the annual growth among the regions, the West Kazakhstan region is leading - immediate plus 29.3%, up to 38.2 billion tenge. The share from the Republic of Kazakhstan grew from 3% to 3.5%. The next is the Kostanay region - by 27.8%, to 33 billion tenge. The share of Kazakhstan increased from 2.6% to 3%.
Astana rounds out the top three - growth by 23.2%, to 266.7 billion tenge. The share from Kazakhstan has grown from 21.7% to 24.2%.
18 out of 32 second-tier banks of KazakhstanИs market offer the mortgage loans and only six of them - loans with a minimum down payment from 0% to 10%.
Source: BNews.kz
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