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Mortgage in the Russian Federation November 2012

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  • Georgy Zadonsky

    ()
    (Russian Presidential Academy of National Economy and Public Administration)

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    Abstract

    Within three quarters of 2012, the volume of mortgage housing loans (MHL) (Rb 698.59bn) exceeded by 50% that extended in the respective period of 2011. With growth in lending volumes, a decrease in the overdue debt on MHL in rubles both in monetary terms and as a percentage of the outstanding debt (1.5% as of October 1, 2012) and growth in the share of the overdue debt on MHL in foreign currency in the foreign currency debt (14.86% as of October 1, 2012) points to the fact that the quality of MHL in rubles keeps getting better, while that of MHL in foreign currency is deteriorating.

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    Bibliographic Info

    Paper provided by Russian Presidential Academy of National Economy and Public Administration in its series Working Papers with number 38.

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    Length: 6 pages
    Date of creation: Jan 2013
    Date of revision:
    Handle: RePEc:rnp:wpaper:38

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    Keywords: Real Estate; Russian Federation; Mortgage;

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