Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Mortgage Lending Doubles

Mortgage lending more than doubled in the first half as record-low interest rates and growing incomes boosted demand, Central Bank data show.

The value of ruble-denominated home loans issued in the six months through June rose to 125.9 billion rubles ($30.1 billion), compared with 52.4 billion rubles during the same period last year, the Central Bank said on its web site Tuesday.

A total of 105,609 mortgages were made in the first half at an average rate of 13.5 percent, a decline of 1.1 percentage points from 2009, the Central Bank said.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more