As Russian real estate booms, central bank warns of bubble risks ...Middle East

Russia's real estate market is booming, fuelled by record-low interest rates and a state-subsidised mortgage programme, prompting the central bank to consider ending a COVID-19 support measure to prevent a housing bubble, data show and analysts say. Demand for different housing options surged as lockdowns were imposed during the spring, while a weak rouble has added to production costs, all combining to push prices up.

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