VTB predicts 25% mortgage market growth by 2026

Since January 28, VTB Bank has reduced interest rates on its market mortgage programs by 3.3 percentage points. According to the credit institution, this decision was made possible by the improvement in the macroeconomic situation. The bank is confident that the mortgage lending market has already passed its lowest point and could grow by 25% by 2026.

According to data for 2025, the total volume of mortgage loans issued by Russian banks amounted to 4.4 trillion rubles (approximately $44 billion at current rates). This is only 9% less than the previous year«s figure.

‘The mortgage market has passed a turning point and will show positive dynamics this year,’ commented Alexei Okhorzin, senior vice president of VTB, head of the retail business products department. ‘But the key shift is in customer behavior logic. Many no longer want to postpone housing purchases and are ready to act now, with a clear plan for future refinancing.’

Rates for state-subsidized lending programs remain unchanged: for family and IT mortgages — 6% per annum, for Far Eastern, Arctic mortgages and programs in new regions — 2% per annum.