IDEAS home Printed from https://ideas.repec.org/a/fru/finjrn/260503p43-59.html

Institutional Architecture of Sustainable Mortgage Financing in Russia

Author

Listed:
  • N.G. Vovchenko

    (Rostov State University of Economics (RSUE), Rostov-on-Don, Russian Federation)

  • O.B. Ivanova

    (Rostov State University of Economics (RSUE), Rostov-on-Don, Russian Federation)

  • S.A. Litvinova

    (South-Russian Institute of Management — Branch of the Russian Presidential Academy of National Economy and Public Administration (RANEPA), Rostov-on-Don, Russian Federation)

Abstract

The article develops the conceptual foundations of sustainable mortgage financing in Russia in the context of the reduction of broad subsidised mortgage programmes, the tightening of macroprudential regulation and the development of long-term rouble funding instruments. The research question is what institutional architecture of mortgage financing can simultaneously deliver real housing affordability, banking-sector resilience and fiscal balance. The information base covers Bank of Russia and DOM. RF data as of Q1 2026, Russian and international academic publications, IMF, ECB and BIS materials. The paper concludes that the Russian mortgage market is shifting from an extensive growth model to a managed sustainability model, in which the efficiency criterion is not the volume but the quality of mortgage growth.

Suggested Citation

  • N.G. Vovchenko & O.B. Ivanova & S.A. Litvinova, 2026. "Institutional Architecture of Sustainable Mortgage Financing in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 43-59, October.
    • Handle: RePEc:fru:finjrn:260503:p:43-59
    DOI: 10.31107/2075-1990-2026-5-43-59
    as

    Download full text from publisher

    File URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2026/5/statii/03_5_2026_v18.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.31107/2075-1990-2026-5-43-59?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fru:finjrn:260503:p:43-59. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gennady Ageev (email available below). General contact details of provider: https://edirc.repec.org/data/frigvru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.