[HIGHLIGHTS] Nabiullina: The Central Bank of Russia does not see a bubble in the mortgage market

The head of the Central Bank of Russia, Elvira Nabiullina, said that the financial regulator does not see a bubble in the mortgage market. “We do not believe that we have a “mortgage bubble,” but we have increased risks in the Mortgage market,’ she said.

Earlier, Russian President Vladimir Putin ordered the extension of preferential mortgages at 2% in new Russian regions to secondary housing. The move is expected to boost the housing market.