The Russian mortgage market, consequences of the coronavirus COVID-19

Metreveli Elizaveta Georgievna, Natocheeva Natalia Nikolaevna

The publication discusses aspects of the development of the housing mortgage lending market (HML) in the context of the pandemic of diseases caused by the new coronavirus. The preservation of the leading role of the state in solving the housing problem through the development of the HML mechanism is stated. It is emphasized that the adopted government decisions cannot fully ensure a systemic breakthrough in the field of mortgage lending, and as a result of both the pandemic and related government decisions, the imbalances in the mortgage lending market can only increase as a result. Concrete measures are proposed regarding the revitalization of the banking MHL market and the increasing role of banks in solving the housing problem.

Keywords:housing mortgage lending, housing problem, housing provision, bank lending, COVID-19 pandemic, credit resources, state mortgage programs