133.6 thousand mortgages per month - September 2026 set a record issuance since the beginning of the year. The growth until August is plus 41%, until September last year - plus 45%. The market is not only recovering. He accelerates. And it's inexplicable, but we'll try. For 9 months, the Russians issued 846.9 thousand mortgages worth 3.68 trillion rubles. The average monthly rate is 408.79 billion rubles. Year to year: plus 38% in quantity, plus 37% in volume. It is important that new buildings occupy only 41% of transactions in quantity, but already 52% in monetary terms. The average check on the primary is significantly higher than on the secondary. Direct signal: developers and banks work together and keep the price tag. At the same time, the market is quietly consolidating. The number of banks issuing mortgages decreased from 249 to 216 - minus 13.2% of the players for the year. Small participants leave not because they don't want to - they don't bear the cost of financing and operating the infrastructure. The result is expected, since the volume is reduced to the largest ones, their negotiating position with the entrepreneurs is strengthened and the price competition for the borrower is weakened. Record yields look like a market win. But the architecture of this victory works to the advantage of those already inside the oligopoly. And in a normal situation, the FAS would have come in here a long time ago.

133.6 thousand mortgages per month - September 2026 set a record issuance since the beginning of the year. The growth until August is plus 41%, until September last year - plus 45%. The market is not only recovering. He accelerates. And it's inexplicable, but we'll try. For 9 months, the Russians issued 846.9 thousand mortgages worth 3.68 trillion rubles. The average monthly rate is 408.79 billion rubles. Year to year: plus 38% in quantity, plus 37% in volume. It is important that new buildings occupy only 41% of transactions in quantity, but already 52% in monetary terms. The average check on the primary is significantly higher than on the secondary. Direct signal: developers and banks work together and keep the price tag. At the same time, the market is quietly consolidating. The number of banks issuing mortgages decreased from 249 to 216 - minus 13.2% of the players for the year. Small participants leave not because they don't want to - they don't bear the cost of financing and operating the infrastructure. The result is expected, since the volume is reduced to the largest ones, their negotiating position with the entrepreneurs is strengthened and the price competition for the borrower is weakened. Record yields look like a market win. But the architecture of this victory works to the advantage of those already inside the oligopoly. And in a normal situation, the FAS would have come in here a long time ago.