Russia's mortgage crisis worsens as defaults and forced sales surge in 2025
Russia's mortgage crisis has deepened as more homeowners struggle with repayments. By the end of 2025, the number of people selling their properties to cover debts had doubled. Official figures now show record levels of non-performing loans across the country.
The total value of troubled mortgages hit 296.4 billion rubles, the highest on record. This figure has nearly doubled compared to the same period last year. In just the past month, the volume of non-performing loans grew by 4.3%.
By February, almost 100,000 mortgages had overdue payments. While data on forced property sales remains unclear, reports suggest many Russians are liquidating homes to avoid default. However, no official breakdown exists on which regions face the worst pressure. The surge in defaults reflects broader economic strain. With no sign of relief, analysts expect further increases in distressed mortgage cases.
The crisis has pushed non-performing mortgages to unprecedented levels. Homeowners continue to sell properties to manage debt, though exact numbers remain unreported. Without intervention, the trend is likely to persist in the coming months.
