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Mortgage In The Russian Federation In Q1 2013

Author

Listed:
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

Despite growth in interest rates on MHL in rubles in the first quarter of 2013, the total volume of the extended MHL exceeded by 25.18% (142,393 loans worth Rb 226.94bn during the quarter) the volume of loans extended in the 1st quarter 2012. As of April 1, 2013, the share of the overdue debt sin rubles in relation to the outstanding debt decreased to 1.41%. The total debt on MHL without overdue payments increased up to 96.19%. In the 1st quarter of 2013, the weighted average rate on MHL in rubles extended from the beginning of the year kept growing and increased by 0.9 p.p. to 12.9% as compared to the minimum value of the 4th quarter of 2011.

Suggested Citation

  • Georgiy Zadonsky, 2013. "Mortgage In The Russian Federation In Q1 2013," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 38-42, June.
    • Handle: RePEc:gai:recdev:146
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    More about this item

    Keywords

    ORTGAGE; RF;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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