Mortgage in the Russian Federation in Q1 2015
Russian Economic Developments.Moscow, IEP, 2015, #6, pp. 32-34
3 Pages Posted: 21 Jun 2015
Date Written: June 19, 2015
In Q1 2015 credit institutions provided Rb 218.13bn worth of 135184 mortgage housing loans (MHL) which was 31.76% and 34.85% lower in quantitative and monetary terms, respectively, as compared to Q1 2014. In 2015, the average weighted rate on MHL in rubles increased substantially: as regards MHL extended from the beginning of the year and those in March it rose by 2.08 p.p. to 14.53% and 1.53 p.p. to 14.7%, respectively.
Keywords: Russian economy, morgage rate, real estate market
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
Suggested Citation: Suggested Citation