Mortgage in the Russian Federation in Q1 2013
Russian Economic Developments, 2013, #5
Posted: 29 May 2013 Last revised: 2 Oct 2017
Date Written: May 28, 2013
In January-February 2013, 83,925 MHL for the total amount of Rb132.94bn were extended which is 28.24% more in monetary terms than in January-February 2012. As of March 1, 2013, the outstanding debt on MHL amounted to Rb2.05 trillion having exceeded by 36.71% the respective debt as of March 1, 2012. In 2013, the overdue debt as compared to the outstanding debt on MHL in rubles kept decreasing and amounted to 1.45% as of March 1, while that on MHL in foreign currency was growing and amounted to 11.57% as of March 1, 2013. The debt on MHL with payment overdue for over 180 days was decreasing and as of March 1, 2013 amounted to 1.41% of the total debt. The weighted average monthly rate on MHL in rubles kept growing and amounted to 12.8% in February.
Keywords: Russian economy, mortgage
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
Suggested Citation: Suggested Citation