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Mortgage Credit in 2020
[Ипотечное Кредитование В 2020 Г]

Author

Listed:
  • Zubov Sergey

    (The Russian Presidential Academy of National Economy and Public Administration)

Abstract

Final transition to escrow accounts model in financing residential construction was the highlight of the mortgage market in 2020. That model provided state guarantee for the citizens investing in housing at the construction stage. Reduction of credit rates and implementation of the state program on interest rate subsidization for newly constructed building mortgage loans have resulted in upward demand on the real estate market. Over 2020, the Russian banks have built up the value of mortgage loans exceeding record indexes previously recorded in 2018.

Suggested Citation

  • Zubov Sergey, 2021. "Mortgage Credit in 2020 [Ипотечное Кредитование В 2020 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 51-54, February.
    • Handle: RePEc:gai:recdev:r2122
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