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Mortgage In The Russian Federation In October 2015

Author

Listed:
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

Over three quarters of 2015, 461,232 mortgage loans (ML) totaling Rb 761.8bn were originated which is below the volume of loans extended for the corresponding period of 2014 in monetary terms down 38% and in numerical terms down 35%. As of 1 October 2015, the share of ruble ML in the volume of consumer credit came to 18.73% which is by 0.65 p.p. less than the corresponding share as of 1 October 2014. Outstanding debt on ruble ML in percent to the residual debt as of the same date has gone up by 0.17 p.p. to 1.02%. The weighted average interest rate across the Russian Federation on ruble mortgage loans originated in September 2015 came to 13.12% against the maximum indicator of 14.71% in February 2015.

Suggested Citation

  • Georgiy Zadonsky, 2015. "Mortgage In The Russian Federation In October 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 72-75, December.
    • Handle: RePEc:gai:recdev:647
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    More about this item

    Keywords

    REAL ESTATE MARKET; Russian Economy;

    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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