Mortgage in the Russian Federation in 2013

Russian Economic Developments, Moscow, 2014. №3, pp. 31-33.

3 Pages Posted: 17 Apr 2014

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Date Written: April 16, 2014

Abstract

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

Zadonsky, Georgy, Mortgage in the Russian Federation in 2013 (April 16, 2014). Russian Economic Developments, Moscow, 2014. №3, pp. 31-33., Available at SSRN: https://ssrn.com/abstract=2425599

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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