Part 9/13:
The economic fallout is also evident among everyday Russians. Mortgage affordability has worsened significantly, with only a small fraction—about 8.3%—of Russians able to save enough for a 20% down payment within two years, given their current income levels. The high mortgage interest rates—around 25%—further compound this issue. For the average Russian worker, accumulating enough savings now takes more than six years—a stark increase from previous years—making homeownership increasingly out of reach.