Mortgage lending in January-September 2023

Ипотечное кредитование в январе-сентябре 2023 г

Sergey A. Zubov
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Sergey A. Zubov: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2023, issue 12, 53-56

Abstract: In the first three quarters of 2023, the volume of mortgage loans issued significantly exceeded (by 71.8%) the same indicator of the corresponding period of 2022. The growth of household incomes, preferential mortgage lending programs, expectations related to its tightening, as well as joint programs of banks and developers are drivers of demand growth. Recently, there has been a deterioration in lending standards: the share of mortgage loans to borrowers with high debt burden ratio (DLR) has been increasing.

Keywords: mortgage lending; subsidized mortgage programs; mortgage lending market overheating (search for similar items in EconPapers)
JEL-codes: E58 G21 G28 (search for similar items in EconPapers)
Date: 2023
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