The size of the mortgage portfolio in the Russian Federation in October 2024 increased by 0.7% to 19.9 trillion rubles after a 0.9% increase in September according to data from the Central Bank of Russia.
State-backed mortgages accounted for 70% of loans and the main driver remains “family mortgages”, for which 190 billion rubles were issued.
Another 38 billion rubles were issued under other state programs. In addition, new tranches of preferential loans previously granted for individual housing construction continue to be issued: in one month, their volume reached 22 billion rubles for all state programs.
The Central Bank of Russia confirmed that the issuance of market mortgages increased by 14% to 117 billion rubles, despite the increase in rates, which may indicate the use of various schemes with increased risks for borrowers.
