Mortgage in the Russian Federation

Russian Economic Developments. 2013, No. 2, p. 54

4 Pages Posted: 23 Mar 2013 Last revised: 18 Jun 2013

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

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Date Written: February 20, 2013

Abstract

In 12 months of 2012, the volume of mortgage housing loans (MHL) exceeded by 47.3% that in the same period of 2011 and amounted to Rb 904.6bn, despite the continued growth in the weighted average rate on MHL in rubles extended within a month. In November 2012, the weighted average rate amounted to 12.5%. In November 2012, the overdue debt as percentage of the outstanding debt on MHL in rubles decreased to 1.38%, while that on MHL in foreign currency increased to 15.35%.

Keywords: Russian econoomy, mortgage, housing lending

JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52

Suggested Citation

Zadonsky, Georgy, Mortgage in the Russian Federation (February 20, 2013). Russian Economic Developments. 2013, No. 2, p. 54, Available at SSRN: https://ssrn.com/abstract=2238031

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

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