“We do not believe that we have a “mortgage bubble,” but we have increased risks in the mortgage market,” she said.
According to her, the financial regulator saw signs of overheating when increased demand for mortgages, which was supported mainly by preferential programs, led not so much to an increase in the affordability of housing for citizens, but to an increase in prices.
“And we see that last year, preferential mortgages amounted to about 60%,” Nabiullina said.
Earlier, Russian President Vladimir Putin ordered the extension of preferential mortgages at 2% in new Russian regions to secondary housing.