Mortgage in Russian Federation in Q3 2013
Russian Economic Development. Moscow. 2013, No. 12, pp. 28-30
3 Pages Posted: 22 Dec 2013
Date Written: December 21, 2013
The volume of MHL (Rb 905,935bn) extended within three quarters of 2013 exceeded by 29% the volume of loans extended in the respective period of 2012. With growth in lending volumes, a decrease in the overdue debt on MHL extended in rubles to 1.15% of the outstanding debt as of October 1, 2013 against the overdue debt on MHL in foreign currency being equal to 12.31% of the outstanding debt in foreign currency points to a gap in the quality of MHL in rubles and foreign currency.
Keywords: Russian economy, real estate market, morgage
JEL Classification: G21, K11, L74, L85, R14, R21 , R31, R52
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