RUSSIAN Economy Faces Property Crisis as Leverage Rises, Affordability Falls & Rates Soar

I have partnered with Ekster to offer you an exclusive discount. Enjoy up to 55% off using my code JOEBLOGS at Please Support The Channel: YouTube Super Thanks (click below) YouTube Membership - Growth in RUSSIA’s Economy has been partially fuelled by a rising Property Market as low cost PREFERENTIAL Mortgages have enabled Russians to buy New Build Property at a low cost. The rapid increase in the volume of mortgages over the past few years has resulted in a rapid increase in prices and there is now a 42% differential between New Build Prices and Secondary Housing Prices. The recent rise in Interest Rates has resulted in mortgage rates DOUBLING and the PROPERTY BUBBLE is now at risk of BURSTING. In this video I look at what has been happening in the market and discuss the potential risks for Russia. For s