Citizens do not need affordable mortgages, but affordable housing, said Elvira Nabiolina.
The volume of loans at preferential rates approached 19 trillion rubles, the head of the Central Bank of the Russian Federation clarified. The mortgage makes up the bulk of this amount.
The way to affordable market mortgages is through low inflation. And preferred mortgages should, in my opinion, be strictly targeted.
She also noted that all the benefits from preferential mortgages have been "eaten up" by rising prices.