MAKHACHKALA, July 20 – RIA "Dagestan". Dagestan’s housing loan market shrank by 13.2% in the first five months of 2026 relative to 2025, positioning it as one of the least dynamic in the Northern Caucasus, behind only Chechnya and Ingushetia.
Per RIA Novosti’s annual mortgage rating, the republic placed 84th out of 85 regions with 3.6 loans per thousand economically active residents (June 2025–May 2026), narrowly avoiding last place.
Nevertheless, the average loan values stayed strong at RUB 4 million (Jan–May 2026), aligning with Stavropol Krai and substantially surpassing the much lower averages seen in Chechnya and Ingushetia.
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