A mortgage is more profitable than renting in the long term, said an expert from Granel Group of Companies

A mortgage in the long term is more profitable than renting, since loan payments are fixed, unlike rental rates, which over the horizon of 5-10 years can increase by 1.5-2 times, Natalya Gazetdinova, head of the mortgage lending department of the Granel Group of Companies, told RIA Novosti.

“The mortgage payment on a market mortgage today is higher than the rental price; in the long term, the owner makes an investment in his asset, while the tenant will never become the owner of the property. And another big disadvantage of renting is the increase in rental rates following inflation and the cost of housing,” she said.

According to her data, 32% of the salary is spent on renting a one-room apartment, and 44% on a two-room apartment. “In 5-10 years, rent may rise in price by 1.5-2 times, and the total amount spent on renting housing over 20 years may exceed 20 million rubles. At the same time, the nominal mortgage payment is not indexed by a single ruble, so its weight is decreasing year by year,” she clarified.

Gazetdinova believes that this is precisely the advantage of the mortgage market, which many underestimate. “We need to consider not only current expenses, but also the financial result over the horizon of 10-20 years,” she added.

At the same time, the expert noted that market mortgages in 2026 remain expensive. With the current Central Bank rate of 14%, the average rate on new buildings reaches 17-19% per annum, Gazetdinova clarified.