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Mortgage in the Russian Federation


  • Georgy Zadonsky

    (Gaidar Institute for Economic Policy)


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.

Suggested Citation

  • Georgy Zadonsky, 2012. "Mortgage in the Russian Federation," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 12, pages 46-51, November.
  • Handle: RePEc:gai:recdev:39

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    More about this item


    Real Estate; Russian Federation; Mortgage;

    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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