Russia faces a debt-fueled housing bubble as a result of a government-subsidized mortgage boom. The country's central bank warned the program could undermine its rate hikes and fuel inflation.

The monthly payment for a newly purchased home at the end of 2022 was $1,176 more than apartment rent. That premium is the widest it has been since 2006, near the peak of the housing bubble.

Buy-or-Rent Premium Is Highest Since 2006 Housing Bubble. ... purchased home — assuming a 10% down payment and a 30-year fixed rate mortgage — was $1,176 more than renting an apartment at ...