Housing Market in Russia in 2016
Russian Economy in 2016. Trends and Outlooks. 2017. Moscow. IEP, issue 38, pp. 280-286
10 Pages Posted: 17 Jul 2017
Date Written: July 7, 2017
According to the data released by the Bank of Russia, as of July 1, 2016, the number of credit institutions issuing residential loans (RL) and housing mortgage loans (HNL) fell to 680 and constituted 85.3% of their number as of July 1, 2015 (Table 16). Herewith, the number of credit institutions issuing RL came to 522 and those extending HML – 499, and those attracting refinancing on the HML secondary market – 34. Moreover, the number of credit institutions extending housing mortgage loans secured by the right of foreclosure on agreements of participation in shared construction came to 212 as of July 1, 2016.
Keywords: Russian economy, mortgage, land market
JEL Classification: G21, K11, L74, L85
Suggested Citation: Suggested Citation