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Mortgage In The Russian Federation In 2013

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  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

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    Abstract

    The volume of mortgage housing loans extended within 11 months of 2013 exceeded by 17.38% and 29.51% the respective index of 2012 as regards the number and monetary value, respectively, having amounted to Rb 1175.0bn. The average weighted rate on MHL in rubles extended within a month fell from 12.9% in March 2013 to 11.9% in November 2013. The share of the overdue debt in the outstanding debt on MHL in November 2013 decreased by 0.06 p.p. to 1.05% as regards loans in rubles, while that as regards loans in foreign currency, by 0,003p.p. to 12.29%. In November 2013, the share of debt on MHL without overdue payments in the total amount of the debt on MHL increased by 0.59p.p. and amounted to 95.89%. The share of the debt on defaulted loans (with payments overdue for over 180 days) in the total amount of the debt on MHL decreased by 0.06 p.p. to 1.91%.

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    Bibliographic Info

    Article provided by Gaidar Institute for Economic Policy in its journal Russian Economic Developments.

    Volume (Year): (2014)
    Issue (Month): 2 (January)
    Pages: 33-35

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    Handle: RePEc:gai:recdev:295

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    Keywords: : REAL ESTATE MARKET;

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