Mortgage in Russian Federation in September 2015
Russian Economic Developments. Moscow, 2015, No. 11, pp. 58-60
3 Pages Posted: 8 Dec 2015
Date Written: December 8, 2015
Since the turn of the year to 1 September 2015, 396,198 mortgage loans (ML) totaling Rb 653.25 bn were originated. This is below the volume of loans extended for the corresponding period of 2014 in numerical terms (by 36.24%) and in monetary terms (by 39.14%), the volume of residual debt of ML amounts to Rb 3.7 trillion and by 15.64% exceeded indebtedness registered as of 1 September 2014. Outstanding debt on ML less past-due payments as of 1 September 2015 up to Rb 3.47 trillion, and in percent to the overall volume of indebtedness down 0.3 p.p. and amounted to 93.73%. Monthly weighted average interest rate on ML in rubles from 1 April 2015 to 1 September down 0.75 p.p. and equaled 13.78%.
Keywords: Russian economy, mortgage loans, estate market
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
Suggested Citation: Suggested Citation