Central banker sees misbalances on Russian mortgage market

MOSCOW, Oct 12 (PRIME) -- There is no bubble on the Russian mortgage market, but there are some misbalances, including worsening of the lending standards, Yelizaveta Danilova, head of the financial stability department of the central bank, said on Thursday.

"We are concerned with the situation on the mortgage market as well. It is too early now to say that there are signs of a bubble, but at the same time, there is a range of misbalances. Firstly, there is a difference between the primary and the secondary market prices amounting to 40% on average and reaching 60% in some regions," Danilova said.

The share of loans with a near-limit debt burden has exceeded 40% doubling over the last two years, which is also a worrying factor, the official said.

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