
AI-generated summary
In Russia, mortgage lending remains a key driver of demand for housing, and mortgage rates are closely related to the key rate of the Bank of Russia, although they do not change synchronously. In 2024-25, rates were at elevated levels due to inflationary pressures and tight monetary policy.
Deputy Chairman of the State Duma Committee on Construction and Housing and Public Utilities Alexander Aksenenko, in an interview with Gazeta.Ru, gave a forecast that by the end of 2026, market mortgage rates could reach 15–16 percent.
According to him, it is impossible to unequivocally advise a family to buy an apartment at the end of 2026 or wait for another year to reduce rates, since during this time not only mortgage conditions can change, but also the cost of housing itself, rent, family income and the return on savings.
Nevertheless, the prerequisites for further reduction in rates exist. In the base scenario, the Bank of Russia forecasts the average key rate for 2027 in the range of 10.5–12.5 percent versus 14.5–14.6 percent in 2026. This may gradually reduce the cost of market mortgages. However, the key and mortgage rates do not change synchronously or proportionally.
AI outlook — possibilities, not facts
By the end of 2026, market mortgage rates will reach 15–16%
Possible · Within months
In the Bank of Russia’s base scenario, the average key rate in 2027 will be 10.5–12.5%
Likely · Within months

Kirill Dmitriev, head of the Russian Direct Investment Fund and special representative of the Russian President, said on social media X that copper has become the new gold after reaching an all-time high on the Comex price of $6.903 per pound. The rise in prices is due to the expectation of tariffs on imports of refined copper into the United States and a supply shortage. Since the beginning of the year, copper has risen in price by 17%.

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Kirill Dmitriev, head of the Russian Direct Investment Fund, called copper "the new gold" after the Comex copper price hit an all-time high of $6.903 a pound on Tuesday night.

Deputy Prime Minister Yuri Trutnev gave a positive assessment of the development of the Kamchatka Territory, noting the growth in mining, agricultural production and road construction. Governor Vladimir Solodov reported record volumes of road repairs and housing programs for SVO participants and other categories of citizens.

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