VTB: in the first half of the year, mortgage issuances in Russia increased by 1.5 times

      July 3, 2026 12:00 Economy According to preliminary estimates by VTB, in the first half of the year, banks issued approximately 2.18 trillion rubles to Russians for the purchase of primary and secondary housing—46% more than in the same period last year. Thus, the market is confidently recovering from last year's decline. June was a record month—according to VTB's estimates, mortgage sales amounted to about 475 billion rubles. This is 47% more than in May and 55% higher than in June 2025. The June result even surpassed the frenzied January, when the volume of issuances was just over 420 billion rubles. The share of preferential programs in the first half of the year was just over 60%—17 percentage points lower than a year ago (when it reached a record 80%). "The first half of the year showed that the mortgage market is not just recovering but changing its structure. The share of preferential programs is decreasing, while demand for market products is steadily growing. The June frenzy around 'family' mortgages provided an additional boost, but the growth base for the half-year is the reduction in rates and the return of clients who were waiting for a more suitable moment. By the end of the year, we expect market growth for the first time in several years, even considering a possible adjustment of government programs," commented Alexey Okhorzin, Senior Vice President and Head of the Retail Business Products Department at VTB. NIA "Nizhny Novgorod" has channels on Telegram and MAX. Subscribe to stay updated on major events, exclusive materials, and operational information. Copyright © 1999—2025 NIA "Nizhny Novgorod". When reprinting, a hyperlink to NIA "Nizhny Novgorod" is mandatory. This resource may contain materials 18+