‘Our company hasn’t ever used any of Uralsib’s mortgage offers and is not using them at the moment,’ director of Arbat Oxana Puts said to UrBC. She explained this had to do with the fact that their customers were not really interested in this company’s offers.

‘Our customers often come with a specific mortgage scheme in mind, but no one has mentioned Uralsib yet,’ she added.

Ural Chamber of Real Estate reports Yekaterinburg’s real estate market is currently stagnating: the new and existing homes’ prices are not going down, while the number of purchasing transactions is on the decrease. At the same time, after the interest rates on mortgages went up, the bank’s mortgage offers grew less popular.