Mortgage in the Russian Federation in Q1 2015

Russian Economic Developments.Moscow, IEP, 2015, #6, pp. 32-34

3 Pages Posted: 21 Jun 2015

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Date Written: June 19, 2015

Abstract

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

Zadonsky, Georgy, Mortgage in the Russian Federation in Q1 2015 (June 19, 2015). Russian Economic Developments.Moscow, IEP, 2015, #6, pp. 32-34, Available at SSRN: https://ssrn.com/abstract=2620693 or http://dx.doi.org/10.2139/ssrn.2620693

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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