Mortgage in the Russian Federation in Q1 2013

Russian Economic Developments, 2013, #5

Posted: 29 May 2013 Last revised: 2 Oct 2017

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

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Date Written: May 28, 2013

Abstract

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

Zadonsky, Georgy, Mortgage in the Russian Federation in Q1 2013 (May 28, 2013). Russian Economic Developments, 2013, #5, Available at SSRN: https://ssrn.com/abstract=2271050 or http://dx.doi.org/10.2139/ssrn.2271050

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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