“Mortgage will remain the driver of lending growth in 2022, but its growth will slow down both against the backdrop of higher interest rates, and due to the exhaustion of effective demand and low rates of increase in household incomes.
As the key rate hike cycle continues, mortgage rates are expected to exceed the psychological level of 10%, according to the agency.
It is noted that the growth of mortgage lending in Russia will become an incentive for joint programs of banks and developers to subsidize mortgage rates.
Earlier, Vice-President of the Russian Guild of Realtors Konstantin Aprelev commented in an interview with NSN on the situation with housing prices.
During the year, prices for new buildings in Russia rose by about a third, and the cost of housing in the secondary market increased by almost 20%.
Industry experts told RT about this.