Russian developers have sharply increased the volume of overdue loan debt amid financial difficulties. As of November 2025, the total figure rose to 279.3 billion rubles, an increase of 27% year-on-year. At the same time, the total amount of construction loans amounted to 5.2 trillion rubles. It increased by 10% compared to the previous year, and the share of overdue payments in it — to 5.4%. This follows from the data of the Central Bank, which were noted by “Izvestia”.
The deterioration in payment discipline is associated with the high key rate of the Central Bank, which increased the cost of loans for developers and simultaneously cooled demand for new housing, says the general director of the “Standard” project bureau, Alexander Butrimov. According to him, this has reduced the cash flow from sales, from which companies pay interest and repay the principal debt.
Due to the deterioration of the financial situation, developers are postponing projects — according to the estimates of the Ministry of Construction, the commissioning dates have been postponed for about 30% of the objects. “Some constructions are being put on hold until financial conditions stabilize, but in most cases these projects are not closed permanently, but are later resumed,” — points out the founder of the “Gosvektor” company, Vadim Sapunov (The Moscow Times).
