this post was submitted on 26 Nov 2025
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cross-posted from: https://mander.xyz/post/42545930

Unpaywalled (web archive)

Russian homebuyers are finding it increasingly difficult to save for a mortgage down payment as housing costs rise far faster than wages, according to new data from Sberbank and state housing agency Dom.RF.

Only 8.3% of working Russians โ€” roughly one in 12 โ€” can save the required 20% down payment within two years, Sberbank deputy chairman Taras Skvortsov said.

The main barrier is no longer just high interest rates but the rapid rise in home prices, which has pushed the upfront cost out of reach for most buyers.

Sberbank estimates the average time needed to save for a down payment has nearly tripled in five years.

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[โ€“] gajustempus@feddit.org 4 points 2 months ago

oh no - citizens keeing a warmonger in charge and in place are suffering the luxury of being able to buy houses...

...what a shame...