If the rate remains double-digit, in 2026-2027 the real estate sector will inevitably face a series of defaults and the departure of medium and large players - Izvestia, quoting the statements of RA expert representative.
The hopes of builders for quick repayment of cheap loans are illusory. Developers are behaving like foreign currency mortgage holders of past crises, believing that the central bank is "obliged" to cut the rate to save them.
But the regulator focuses on the yield of long OFZs. While government bonds yield a yield of 16.5%-17%, market mortgages taking into account the bank's margins will rise 18-20%. A 12-15% rate range may become the norm in the coming years, given geopolitical turmoil and other external factors.