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Mortgage Lending In The Russian Federation In Q2 2014

Author

Listed:
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

Mortgage loans kept growing in Q2 2014. A total of Rb 434,8bn mortgage residential loans (MRLs) were extended in the period between April and June of the current year, up by 37.87% compared to the lending volume in Q2 2013, and a total of Rb 769,5 of MRLs were extended in the fi rst half of the current year. The share of delinquent outstanding balance on ruble denominated MRLs in the remaining mortgage balance kept diminishing steadily (0.9% as of July 1, 2014 against 0.96% as of April 1, 2014), whereas the respective share of delinquent outstanding balance on foreign currency denominated MRLs kept growing (13.92% as of July 1, 2014 against 13.22% as of April 1, 2014). The share of outstanding balance on defaulted MRLs, with payments delinquent for more than 180 days, in the total outstanding balance diminished to 1.73% at the second quarter’s end. The weighted average rate on ruble denominated MRLs extended in June 2014 stood at 12.3% while the semiannual weighted average rate was 12.2%.

Suggested Citation

  • Georgiy Zadonsky, 2014. "Mortgage Lending In The Russian Federation In Q2 2014," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 9, pages 36-39, September.
  • Handle: RePEc:gai:recdev:385
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    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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