Mortgage in the Russian Federation in Q1 2013
Russian Economic Developments. 2013, #6, pp. 38-42
5 Pages Posted: 6 Jul 2013
Date Written: July 4, 2013
Despite growth in interest rates on MHL in rubles in the first quarter of 2013, the total volume of the extended MHL exceeded by 25.18% (142,393 loans worth Rb 226.94bn during the quarter) the volume of loans extended in the 1st quarter 2012. As of April 1, 2013, the share of the overdue debt in rubles in relation to the outstanding debt decreased to 1.41%. The total debt on MHL without overdue payments increased up to 96.19%. In the 1st quarter of 2013, the weighted average rate on MHL in rubles extended from the beginning of the year kept growing and increased by 0.9 p.p. to 12.9% as compared to the minimum value of the 4th quarter of 2011.
Keywords: Russian economy, Mortgage in Russia
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
Suggested Citation: Suggested Citation