{"id":33031,"date":"2025-06-04T10:11:39","date_gmt":"2025-06-04T07:11:39","guid":{"rendered":"https:\/\/cpd.gov.ua\/?p=33031"},"modified":"2025-06-04T11:38:47","modified_gmt":"2025-06-04T08:38:47","slug":"a-systemic-housing-crisis-is-growing-in-russia","status":"publish","type":"post","link":"https:\/\/cpd.gov.ua\/en\/results\/rf-en\/a-systemic-housing-crisis-is-growing-in-russia\/","title":{"rendered":"A systemic housing crisis is growing in russia"},"content":{"rendered":"<p>The continuation of the war against Ukraine is leading to a collapse in mortgage lending and the construction sector in russia.<\/p>\n<p>\u25ab\ufe0f russia\u2019s second-largest bank, vtb, issued four times fewer mortgage loans in May than in the same month last year. This is one of the direct consequences of the aggressive war against Ukraine.<\/p>\n<p>Amid rising war expenditures, a high key interest rate, and growing turmoil in the financial sector, mortgage issuance in russia plummeted in 2024. The much-hyped \u201cfamily mortgage\u201d program promoted by russian propaganda is, in reality, nearly inaccessible to most russians due to high down payments and limited state funding allocated for the program. Previously, russia recorded its lowest mortgage lending figures since 2018.<\/p>\n<p>kremlin\u2019s continued aggression against Ukraine is driving up military spending and, as a result, forcing a rollback of mortgage programs. This, in turn, leads to decreased housing affordability, rising household debt due to inability to repay existing loans, and a collapse in the residential construction industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The continuation of the war against Ukraine is leading to a collapse in mortgage lending and the construction sector in russia. \u25ab\ufe0f russia\u2019s second-largest bank, vtb, issued four times fewer mortgage loans in May than in the same month last year. This is one of the direct consequences of the aggressive war against Ukraine. Amid&#8230;<\/p>\n","protected":false},"author":3,"featured_media":33032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","wds_primary_category":55,"footnotes":""},"categories":[930],"tags":[],"class_list":["post-33031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rf-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/33031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/comments?post=33031"}],"version-history":[{"count":0,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/33031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media\/33032"}],"wp:attachment":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=33031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=33031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=33031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}