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Mortgage In The Russian Federation In January-August 2014

Author

Listed:
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

In January–August 2014, growth in mortgage housing lending continued. As of September 1, 2014, Rb 1.07trillion worth of 619,026 mortgage housing loans was extended; that is 27.47% and 36.33% more in quantitative terms and monetary terms, respectively, as compared to the respective period of 2013. As of September 1, 2014 the outstanding debt on MHL in the amount of Rb 3.2 trillion exceeded by 33.44% the debt as of September 1, 2013. There is still a positive trend of decrease in the share of the overdue debt on MHL in rubles in the outstanding debt (0.87% as of September 1, 2014) and growth in the volume and share of the debt on MHL without overdue payments (95.59% as of September 1, 2014) in the total debt. In August 2014, the weighted average monthly rate on MHL in rubles increased by 0.05 p.p. and became equal to 12.27% against 12.2% as of June 1, 2014.

Suggested Citation

  • Georgiy Zadonsky, 2014. "Mortgage In The Russian Federation In January-August 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 28-31, November.
    • Handle: RePEc:gai:recdev:411
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    More about this item

    Keywords

    : REAL ESTATE MARKET;

    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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