Mortgage lending in Russia increased by 30% over the year

According to the Bank of Russia, mortgage lending increased by almost a third in annual terms as of early December.

" In annual terms, the growth of mortgage lending amounted to 30.1 percent as of December 1, 2021," the Central Bank said in a statement.

The revision of the terms of the state program for subsidizing the interest rate in the last quarter led to the stabilization of the growth rate of debt in the mortgage lending segment. After that, in November, there was an increased demand for mortgages, and the increase in debt amounted to 2, 3 percent.

In the next quarter, the Bank of Russia will assess the feasibility of taking additional macroprudential policy measures in relation to mortgage loans. This will take into account data on the impact of monetary policy on lending activity and on lending standards for the current quarter.

The Central Bank monitors the quality of mortgages and, if it worsens, is ready to tighten the regulation of issuance again. This was previously stated by the head of the regulator Elvira Nabiullina. mortgage loans. This will take into account data on the impact of monetary policy on lending activity and on lending standards for the current quarter.

The Central Bank monitors the quality of mortgages and, if it worsens, is ready to tighten the regulation of issuance again. This was previously stated by the head of the regulator Elvira Nabiullina. mortgage loans. This will take into account data on the impact of monetary policy on lending activity and on lending standards for the current quarter.

The Central Bank monitors the quality of mortgages and, if it worsens, is ready to tighten the regulation of issuance again. This was previously stated by the head of the regulator Elvira Nabiullina.