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Russia’s Mortgage Market 2026: Analysts Forecast Stagnation and Contraction Amid High Interest Rates
The Russian mortgage lending sector is facing a challenging outlook for 2026, with market experts predicting a period of stagnation or potential decline. Following the cooling trends of late 2025, the industry continues to grapple with restrictive monetary conditions. According to Mondiara’s sectoral review, a meaningful recovery in demand is contingent on two critical macro-factors: a sustainable slowdown in inflation and a subsequent pivot by the Central Bank toward cutting the key interest rate. Until borrowing costs decrease, the primary real estate market is expected to remain under pressure, forcing developers to seek alternative financing tools and subsidy programs to maintain sales velocity. Let’s Build the Future: 📩 Contact for Investors: i@mondiara.ru 🌐 Explore more: [mondiara.com](https://mondiara.com)