Fitch analyst Anton Lopatin: interest in mortgages in Russia will decrease in 2022 
4.59 trillion rubles, RBC reports citing data from Frank RG. This is more than in the entire last year. But in 2022, experts predict a decline in demand for housing loans.
As noted by Anton Lopatin, senior director of the analytical group for financial organizations Fitch, while the demand for mortgages remains significant – there are still preferential programs (for example, family mortgages) , while the rates are still acceptable, a number of clients agreed on good mortgage conditions a few months ago, before the increase in the key rate of the Central Bank. But in 2022, interest in mortgages will decrease, the expert believes, since “there has been a certain saturation of the market, and rates will continue to rise.” The analyst also pointed to a decrease in the availability of mortgages due to a sharp rise in housing prices in Russia.
Managing Director of the NKR rating agency Mikhail Doronkin, in turn, told the publication that the dynamics of mortgage issuance next year will be definitely worse than in the current one, primarily due to the increased rates and appreciation of real estate. “However, a lot will also depend on the limits of issuance within the framework of preferential programs, primarily family mortgages,” the expert concluded.
Earlier, Russians were warned of the danger of mortgage fever. According to analysts from the Plekhanov Russian University of Economics, the share of mortgages in the structure of individuals' debts to the banking system has reached 47.6 percent. In Moscow and St. Petersburg this figure is 53 and 55 percent, respectively.