Dagestan has emerged as one of the Russian regions facing the most difficult situation in the mortgage lending market. According to a study by RIA Rating, the republic ranked third on the list of Russian regions with the lowest mortgage affordability. Only Crimea and Sevastopol posted worse figures.

The calculations were based on data from Rosstat and Sberbank. Analysts used a 60-square-meter apartment as a hypothetical example, assuming a 30% down payment.

For a family in Dagestan, the estimated monthly mortgage payment came to approximately 65,800 rubles. However, only 5.2% of families in the region can afford mortgage costs at this level.

A similar issue is observed in other North Caucasus republics. In Kabardino-Balkaria, the estimated payment is 52,400 rubles, with 8.4% of families able to make regular payments. In Karachay-Cherkessia, the figures are approximately 58,700 rubles and 8.6% of families; in North Ossetia, they are 59,800 rubles and 8.7%. In Chechnya, the estimated financial burden is lower—around 25,700 rubles per month—yet only 10% of families can afford such a loan. In Ingushetia, the figure is about 22,800 rubles, with the same proportion of potential borrowers. In Kalmykia, the mortgage payment reaches 63,400 rubles, a cost level affordable for 7.9% of families.

Amidst these housing affordability challenges, the terms of state support are also changing. As of October 1, the terms of the "family mortgage" program were revised: instead of a flat rate of 6% per annum, the interest rate now depends on the number of children and the region of residence. Depending on the borrower category, the rate can range from 2% to 12% per annum.

The highest rate applies to families with one child living in Moscow, St. Petersburg, and the Moscow and Leningrad regions. The lowest rate is set for large families with five or more children living in other regions.