Template-type: ReDIF-Article 1.0
Author-Name: Sergey A. Zubov
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Mortgage lending in January-September 2023
Title: Ипотечное кредитование в январе-сентябре 2023 г.
Abstract: In the first three quarters of 2023, the volume of mortgage loans issued significantly exceeded (by 71.8%) the same indicator of the corresponding period of 2022. The growth of household incomes, preferential mortgage lending programs, expectations related to its tightening, as well as joint programs of banks and developers are drivers of demand growth. Recently, there has been a deterioration in lending standards: the share of mortgage loans to borrowers with high debt burden ratio (DLR) has been increasing.
Keywords: mortgage lending, subsidized mortgage programs, mortgage lending market overheating
Classification-JEL: E58, G21, G28
Journal: Russian Economic Developments
Year: 2023
Issue: 12
Month: December
Pages: 53-56
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r23104.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r23104