As Putin Allocates Billions to War, Russians Face Home Affordability Crisis
This article was originally published by Radio Free Europe/Radio Liberty and is reprinted with permission. With the war in Ukraine dominating Russia’s economy, a once-lively mortgage market has largely ground to a halt, paralyzed by soaring interest rates and a sharp curtailment of state subsidies for first-time buyers. The result: For many Russians, the dream of homeownership…
