OREANDA-NEWS  The mortgage market in Russia is in danger of overheating. President Vladimir Putin spoke about the likely risks for housing lending in the country during a speech at the forum "Russia is calling!", Interfax reports.

The Russian authorities are trying to take into account the mistakes of other states that are faced with the growing issuance of housing loans and the simultaneous increase in real estate prices. The government's task is to find solutions to create safe conditions when applying for a mortgage, Putin noted.

In addition, the president announced record volumes of lending in the country. Such a volume of mortgage and corporate loans has not been recorded in history, Putin noted.

The head of the Central Bank, Elvira Nabiullina, warned about signs of overheating of the mortgage market in Russia in September. According to her, in 12 months, loan disbursements have grown rapidly — by 30 percent.

Earlier, during the Eastern Economic Forum, Putin announced the existence of certain risks to the economy due to preferential mortgages. According to him, the authorities see these risks and stop them.