Nabiullina Described Low Inflation as a Condition of Affordable Mortgage
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5 Articles
The President of the Bank of Russia, Elvira Nabiullina, stated that the main condition for making a market mortgage available in the country was the maintenance of low inflation. At the plenary meeting of the State Duma, the President of the Bank of Russia pointed out the need to reduce the rate of price growth in order to reduce the cost of housing loans, TASS wrote. "The way to an affordable market mortgage is through low inflation, and the co…
Nabiullina explained why the concessional mortgage should be made more targeted and how it might affect the economy.
The head of the Central Bank called for the reduction of concessional mortgage programmes, and she proposes a dramatic change in the real estate market - Economy - 12 November 2026
"In the end, citizens need an unaffordable mortgage, they need affordable housing, and affordable housing depends not only on the interest rate, but also on the price of a square metre and, indeed, the amount of debt that people need to borrow (quota from the Izves)," said the head of the Bank of Russia, Elvira Nabiullin, at the State Duma plenary meeting.
The market mortgage available in Russia will only be possible if inflation is consistently low, as announced by the President of the Central Bank of Elvira Nabiullin, speaking at the State Duma plenary, who said that massive preferential programmes helped individual lenders buy flats at reduced rates, but at the same time contributed to the increase in real estate.
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