Over the last 10 years, the volume of mortgage market in Russia has increased nearly 100 times.
This is what the Deputy Minister of Construction, Housing and Utilities of Russia, Oleg Betin, said at a round table in Moscow today, on the 7th of June.
At the same time, he specified that inflation hadn’t been included in these estimates. With inflation taken into account, the figure will be 22.
Thus, in 2005 the volume of mortgage market was about 20 bln roubles, but by 2015 it reached 1,7 trl roubles.
Earlier, Russian Central Bank announced that in 2015 Russian banks have given about 700,000 mortgage residential loans at a total amount of 1,16 trl roubles, what is less by half than the figure of 2014 year.