“The figures show that everything is growing well.

But I don't see any “bubbles”, ”the deputy minister of TASS quotes.

According to him, the start was from such a low base that "there is still time to grow normally."

Earlier, Deputy Prime Minister Marat Khusnullin announced that he intends to seek the extension of the preferential mortgage program for new buildings after July 1, 2021.

In November, the chairman of Cetrobank Elvira Nabiullina did not rule out a decrease in housing affordability in the country due to the rise in prices on the primary market. 

She noted that the timely completion of the anti-crisis program will prevent bubbles and balance supply and demand.