Mortgage in the Russian Federation in November 2015
Russian Economic Developments. Moscow, 2016, No. 2, pp. 63-65
3 Pages Posted: 22 Feb 2016
Date Written: February 20, 2016
The volume of housing mortgage loans (HML) (Rb 985.29 bn) originated during January-November 2015 fell against the volume of HML originated over the same period of 2014 by 32.66% in quantitative terms and by 35.92% in monetary terms. The share of past-due debt in residual debt on HML for November 2015 has gone up in ruble loans by 0.02 p.p. to 1.05%, and on foreign currency loans – by 0.71 p.p. to 19.41%. Weighted average rate on HML in rubles extended during the month, for November 2015, has come to 12.29%, down 0.60 p.p. against October 2015 and down 2.42 p.p. maximum level posted in February 2015. The latter is due to the effective State program.
Keywords: Russian economy, housing market, mortgage
JEL Classification: G21, K11, L74, L85, R14, R21, R31
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