The Mortgage in the Russian Federation in October 2014
Russian Economic Developments. Moscow, 2014, #12, pp. 27-29
3 Pages Posted: 4 Jan 2015
Date Written: January 4, 2015
Within three quarters of 2014, the volume of the extended MHL (703,160 loans for the amount of Rb 1219.38bn) exceeded by 34.57% and 26.12% in monetary terms and quantitative terms, respectively, the volume of loans extended in the same period of 2013. As of October 1, 2014, the share of MHL in rubles as percentage of the volume of consumer loans exceeded by 4.91 p.p. the respective share as of October 1, 2013 and amounted to 19.34%. The value of the overdue debt on MHL in rubles as percentage of the outstanding debt (1.15% as of October 1, 2013.) fell to 0.85% as of October 1, 2014. In the Russian Federation, the average weighted interest rate on loans in rubles extended in September 2014 rose to 12.45% against the minimum value of 11.97% in March 2014.
Keywords: Russian economy, Russian real estate market
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
Suggested Citation: Suggested Citation