In 2020, 1.7 million mortgage loans were provided for a total amount of RUB 4.3 trillion, which is a record high for the Russian mortgage market. Mortgage lending increased by 35% in terms of the number of loans, by 50% in money terms, according to a statement by DOM.RF.
The notable mortgage market growth in 2020 is the combined effect of several powerful factors: a reduction in mortgage rates and concessional lending programs, primarily the mortgage lending program for housing in new buildings at a rate of 6.5% p.a.
JSC DOM.RF is a financial housing development institution. DOM.RF is committed to the following priorities: raising investment, improving the quality and affordability of housing through the development and implementation of federal standards to offer appealing mortgage opportunities.
