Mortgage in the Russian Federation in Q1 2013

Russian Economic Developments. 2013, #6, pp. 38-42

5 Pages Posted: 6 Jul 2013

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Multiple version iconThere are 2 versions of this paper

Date Written: July 4, 2013

Abstract

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

Zadonsky, Georgy, Mortgage in the Russian Federation in Q1 2013 (July 4, 2013). Russian Economic Developments. 2013, #6, pp. 38-42, Available at SSRN: https://ssrn.com/abstract=2289819 or http://dx.doi.org/10.2139/ssrn.2289819

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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