Template-type: ReDIF-Article 1.0
Author-Name: Zubov Sergey
Author-Workplace-Name: The Russian Presidential Academy of National Economy and Public Administration
Title: Mortgage Credit in 2020
Title: Ипотечное кредитование в 2020 г.
Abstract: Final transition to escrow accounts model in financing residential construction was the highlight of the mortgage market in 2020. That model provided state guarantee for the citizens investing in housing at the construction stage. 
Reduction of credit rates and implementation of the state program on interest rate subsidization for newly constructed building mortgage loans have resulted in upward demand on the real estate market. Over 2020, the Russian banks have built up the value of mortgage loans exceeding record indexes previously recorded in 2018.
Keywords: housing mortgage lending, soft mortgage programs, escrow accounts
Journal: Russian Economic Developments
Year: 2021
Issue: 2
Month: February
Pages: 51-54
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2122.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2122