Mortgage in the Russian Federation in January-August 2014

Russian Economic Developments. Moscow, 2014, #11, pp. 28-31

4 Pages Posted: 2 Dec 2014

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Date Written: December 1, 2014

Abstract

In January-August 2014, growth in mortgage housing lending continued. As of September 1, 2014, Rb 1.07trillion worth of 619,026 mortgage housing loans was extended; that is 27.47% and 36.33% more in quantitative terms and monetary terms, respectively, as compared to the respective period of 2013. As of September 1, 2014 the outstanding debt on MHL in the amount of Rb 3.2 trillion exceeded by 33.44% the debt as of September 1, 2013. There is still a positive trend of decrease in the share of the overdue debt on MHL in rubles in the outstanding debt (0.87% as of September 1, 2014) and growth in the volume and share of the debt on MHL without overdue payments (95.59% as of September 1, 2014) in the total debt. In August 2014, the weighted average monthly rate on MHL in rubles increased by 0.05 p.p. and became equal to 12.27% against 12.2% as of June 1, 2014.

Keywords: Russian economy, Russian real estate market

JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52

Suggested Citation

Zadonsky, Georgy, Mortgage in the Russian Federation in January-August 2014 (December 1, 2014). Russian Economic Developments. Moscow, 2014, #11, pp. 28-31, Available at SSRN: https://ssrn.com/abstract=2532402 or http://dx.doi.org/10.2139/ssrn.2532402

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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