The Mortgage in the Russian Federation in Q1 2014
Russian Economic Developments. Moscow, 2014, #6, pp. 35-37
3 Pages Posted: 25 Jun 2014
Date Written: June 24, 2014
In the 1st quarter of 2014, the total volume of the extended MHL exceeded by 47.43% the volume of loans extended in the 1st quarter of 2013. It is to be noted that within a quarter Rb 334.73bn worth of 198,082 loans was extended. A decrease in the share of the overdue debt on MHL points to continued upgrading of quality of mortgage lending. However, as of April 1, 2014 the total debt on loans with payments overdue for over 180 days increased by 0.11 p.p. as compared to March 1, 2014 and amounted to 1.88%. In 2014, the weighted average rate on MHL in rubles extended from the beginning of the year keeps falling. As of April 1, 2014, it amounted to 12.2%. In March 2014, the weighted average rate on MHL in rubles extended within a month amounted to 12.0%.
Keywords: Russian economy, real estate market, mortgage
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
Suggested Citation: Suggested Citation