Mortgages have led to a jump in prices for housing in Russia, and the backlog of demand contributed to the process of their undue rise. These problems are complicated by other ones: the lack of available land for construction, administrative barriers to obtaining them, as well as the rising interest rates for mortgage lending which make mortgages unavailable for people with the average income. All this contributed to the fact that the problem of providing housing for the residents remains one of the most acute in this country.
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