Experts' opinion

Osipov Andrey

Senior Vice-President, Head of Department of mortgage lending of VTB24 bank

Andrey Osipov: Large property developers do not go bankrupt

29.12.2016

Bankruptcies of large developers in the housing market of Russia are not going to happen, says the senior Vice President, Head of Department of mortgage lending of VTB24 bank Andrey Osipov.

“Only small companies can be compromised, which will be hard to find credit leveraging to cover cash shortages,” said Osipov.

According to him, major developers take a positive view on the market situation.

“The problems of small companies allow major ones to increase the volume of construction and sales volumes also offering a lower price to customers,” said the expert.

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