The expert noted the need for most Russians to improve their living conditions.
People are trying to move from the regions to cities with a population of over a million.
Changes in marital status also play a role.
The head of the Department of Housing Mortgage Loans at the Financial University under the Government of the Russian Federation, Doctor of Economic Sciences, Professor Alexander Tsyganov spoke about this on the "Moscow Speaks" radio station.
Most of our members need improved housing conditions. This is due to the quality of available housing, changes in family status and immigration aspirations. Moving from small towns to cities with a population of over a million, to Moscow, to St. Petersburg. All this supports the demand for housing and mortgages, and on the other hand is reflected in the statistics. Until the key interest rate returns to normal, followed by the mortgage interest rate to the usual indicators that stimulate the mortgage market, it is too early to talk about a trend reversal. People look at benefit plans with interest.