Central Bank of the Russian Federation: over the next six months, conditions for housing loans in Russia will be tightened 
attractive rates for preferential programs, increasing turnover on family mortgages, as well as expanding preferential lending for finished apartments and private houses. But the tightening of conditions for issuing loans will restrain the process of market growth, according to analytical materials published on the website of the Central Bank.
Analysts of the Central Bank believe that in the next half of the year there will be “a noticeable tightening of credit conditions for mortgage and consumer loans, expected by banks.” It will be conditioned by both an increase in rates and the launch of restraining macroprudential measures that provide for an increase in risk ratios on unsecured consumer loans from October 2021.
“As prices rise in real terms, both consumer and and mortgage lending, ”the Central Bank warns. According to the regulator, in early autumn, the average mortgage loan term in Russia reached an all-time high of 20 years and six months.
Earlier, analyst Oleg Repchenko warned that Russia risks facing the problem of excessive growth in house prices again if the authorities will take the path of additional subsidizing of mortgages in depressed regions. The housing problem in the country should be solved not through endless subsidizing of the mortgage market, but through structural reforms, the expert emphasized.