Mortgage in the Russian Federation in November 2015

Russian Economic Developments. Moscow, 2016, No. 2, pp. 63-65

3 Pages Posted: 22 Feb 2016

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Multiple version iconThere are 2 versions of this paper

Date Written: February 20, 2016

Abstract

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

Suggested Citation

Zadonsky, Georgy, Mortgage in the Russian Federation in November 2015 (February 20, 2016). Russian Economic Developments. Moscow, 2016, No. 2, pp. 63-65, Available at SSRN: https://ssrn.com/abstract=2735266

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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