She made a corresponding statement at the annual meeting with the leadership of the Bank of Russia “Regulation by the Central Bank of Russia of the activities of financial market participants.”
“The primary housing market, in our opinion, is overheated, and in the second half of last year, mortgages grew by an average of 3.2% monthly,” TASS quotes her.
In her opinion, this happened mainly due to the fact that people sought to take out soft loans before the conditions of state programs were tightened.
High inflation expectations also played a role.
Earlier, Nabiullina said that the Central Bank of Russia does not see a bubble in the mortgage market.