Frank RG allowed the volume of mortgage issuance to grow to 4.9 trillion rubles in 2026

The volume of mortgage loans in Russia in 2026 may grow to 4.9 trillion rubles. This was announced on November 18 by the consulting company Frank RG.

It is specified that the expected value is almost 19% higher than the projected figure for 2025 and corresponds to the level of the mortgage market in 2024. According to analysts, the prerequisite for recovery will be a gradual reduction in the key rate of the Bank of Russia to a range of 13-15%. This should support demand after a difficult year for banks in 2025, when total mortgage issuance, according to Frank RG's forecast, will decrease by 15% to 4.1 trillion rubles.

"Most experts noted three key factors that had an impact on the mortgage market: a high key interest rate, regulatory changes and, perhaps the most painful, a decrease in profitability," said Olga Filippova, senior project leader at Frank RG, head of the Mortgage project, about the difficulties that took place in the field of mortgage lending in 2025 a year.

Change of priorities: the minimum market share of mortgages in 2025 was 18%

This is an unprecedented situation for Russia.

Earlier, on October 24, Gulsina Shakova, head of the mortgage lending department at the GK EXACTLY, told Izvestia that the entire construction industry was counting on a rate cut to 16.5%, which gives an impetus to revive demand and reduce the debt burden. The easing of monetary policy by the Central Bank will provide additional financial opportunities for developers. Banks will be able to adjust the conditions for issuing project financing. In the medium term, this will increase the volume of housing construction across the country.

All important news is on the Izvestia channel in the MAX messenger.