A partner at a legal firm suggested that by 2025 buyers could finance three- or four-room flats with a mortgage.
In 2025, the average price of a single-room unit in Moscow is forecast at 12 million rubles. With a 20 percent down payment, the loan would be 9.6 million rubles. If the annual rate remains around 29 percent for a 30 year term, the monthly payment would be about 230 thousand rubles, and the minimum monthly income to qualify would be at least 301 thousand rubles per month. Over the life of the loan, the total extra payments would approach 53 million rubles, surpassing the price of a four-room or even a two-room Moscow apartment.
The analysis notes that many Russians avoid buying with mortgages and expect prices to fall by around 14 to 15 percent each year in speculative bets.
On February 14, the central bank kept the key rate at 21 percent for the second consecutive decision. As meetings approached, several banks lowered their loan rates.
This context echoes memories of the USSR era, highlighting why free distribution of apartments is not possible today in the Moscow housing market.