Mortgage in the Russian Federation in 2013
Russian Economic Developments, Moscow, 2014. №3, pp. 31-33.
3 Pages Posted: 17 Apr 2014
Date Written: April 16, 2014
In 2013, growth in mortgage housing lending continued. In 2013, the volume of the extended mortgage housing loans (Rb 1,354 trillion) exceeded by 31.17% that of 2012. The quality of the portfolio of mortgage housing loans (MHL) kept getting worse: in 2013 the overdue debt fell to Rb 39.5bn with a decrease of its share in the debt to 1.49%; as of January 1, 2014 the debt without overdue payments in the total amount of the debt rose by 0.12 p.p. against January 1, 2013 and amounted to 96.05%, while the share of the defaulted MHL (with payments overdue for over 180 days) fell by 0.48 p.p. and amounted to 1.78%. In 2013, a decrease in the weighted average interest rate on ruble MHL within a month changes for a 0.2 p.p. growth in December to 12.1%.
Keywords: Russian Economy, Real Estate Market
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
Suggested Citation: Suggested Citation