Anton Beloglazov on the state of the mortgage market in Russia
Nezavisimaya Gazeta has published a forecast by Anton Beloglazov, head of the
The expert estimates that the mortgage market in 2025 will remain in a declining phase against the backdrop of rising interest rates, the winding down of preferential programs and a decline in real incomes. «That is, rising prices and interest rates have led to the fact that two average salaries in large cities are no longer enough to service a mortgage," he notes. «Commercial mortgage remains a niche product: high interest rate (18–25% per annum), large down payment (30–50%) and strict requirements for borrowers make it available only for a narrow circle of investors," believes the expert.
Monday, 17.03.2025