Min: No signs of bubbles on RussiaТs mortgage lending market - Construction & Real Estate - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Min: No signs of bubbles on RussiaТs mortgage lending market

MOSCOW, Sep 5 (PRIME) -- There are no signs of a bubble on the Russian mortgage lending market, Economic Development Minister Maxim Oreshkin told RBC on Thursday.

УThe real estate market, prices, as IТve already said, have remained stable for a long timeЕ Of course, there is not a single sign of any bubbles on this market,Ф he said.

Unlike the consumer lending market, both the pace of portfolio growth and debt burden is much lower than in many countries in the mortgage lending segment, he said.

УBut it is clear that a reduction of rates, accumulation of mortgage loans on banksТ balances cannot last forever and banks will have to resell a part of the mortgage portfolio in the form of mortgage securities so that these assets are distributed among a wider number of investors,Ф Oreshkin said.

End

05.09.2019 13:40
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 70.9373 -0.3018 20 sep
USD 64.2199 -0.2091 20 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1378.06 -0.30 18:50 19 sep
micex 2794.77 -0.85 18:50 19 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 230.52 -1.26 18:49 19 sep
lkoh 5391.00 -1.39 18:49 19 sep
rosn 427.00 +0.23 18:49 19 sep
sber 234.98 -0.14 18:49 19 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 70.9700 +0.2825 14:59 19 sep
USDTD 64.2000 -0.1575 17:44 19 sep