Omsk may lower salary requirements for mortgage approval as demand falls

In Omsk, the lower threshold of required income for obtaining a mortgage may decrease. According to RBC Real Estate, in 2026 the salary needed to approve a loan for a one-room apartment in Omsk could be 70.5 thousand rubles (about $783 at current rates). This scenario is possible if market mortgage rates drop by 5%—from the current 21% to 16%.

Currently in Omsk, at a rate of 21%, the minimum earnings for approving a mortgage on a 35 square meter one-room apartment costing 3.8 million rubles (about $42,200) must be 90.1 thousand rubles (about $1,000).

Pavel Kruchinsky, head of the real estate agency «Miard-Vladis», explained to NGS55.RU that lowering the income requirements for borrowers is an objective reality. This is due to the need to maintain falling demand for new construction housing.

«Demand for real estate for sale has dropped sharply. Because those who wanted to use preferential mortgages have done so. There are fewer of other categories. About 60% of applications for mortgage loans were rejected last year. Therefore, they will lower the salary bar to prevent a sharp drop in mortgages,» says the expert.

According to Pavel Kruchinsky, last year 107 million square meters of housing were commissioned in the country, but many apartments remain unsold. This year, less will be built. Therefore, the government and banks will have to do everything to support housing demand. Lowering requirements for borrowers is one of the measures.

Earlier we reported on what will happen with the real estate market in Omsk in 2026.