What was the summer of 2022 for Russian mortgage lenders? Economist’s answer

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The summer period of 2022 showed an active growth of mortgage market participants. About this to the correspondent IA REGNUM August 19, said Associate Professor of the Department of Corporate Finance and Corporate Governance of the Financial University under the Government of the Russian Federation Petr Shcherbachenkocommenting on the information that Russian banks in July 2022 increased the volume of mortgage issuance by 25% compared to June.

“The reasons for the growth in mortgage issuance include a decrease in mortgage rates due to a decrease in the key rate of the Central Bank of the Russian Federation and the active development of preferential mortgages to 7-6.5%, — said the economist. — Thus, the summer period showed an active growth of mortgage market participants, perhaps attracted the attention of those who planned to purchase later and decided …

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