Natalia Orlova, Chief Economist at Alfa-Bank, has published a special analytical study «Mortgage Market Moves to the Forefront». The topicality of this study is conditioned by the current situation in the real estate market and fast growing rates of mortgage lending in Russia.

“The market of retail lending in Russia grew from 1% of GDP in 2002 to 5% of GDP in 2005, and is now an important factor in economic growth. While the retail lending market is believed to be close to saturation, the mortgage business is just around a mere 10% of other retail lending products, and is on the verge of boom”, — says Natalia Orlova.

Alfa-Bank’s study compares mortgage markets in the countries of Eastern and Western Europe, forecasting the development of this business in Russia, analyzing the legislative base and peculiarities of the Russian banking system and government activities to support the mortgage lending market. The document brings up comprehensive analytical data on the housing market in Russia.

The Bank’s analysts conduct regular studies of major trends and urgent problems of economic development of the economy in Russia, Ukraine and Kazakhstan. Full text of the analytical study “Mortgage Market Moves to the Forefront” is available only in Russian on Alfa-Bank’s site.