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Mortgage In Russian Federation In September 2015

Author

Listed:
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

Since the turn of the year to 1 September 2015, 396,198 mortgage loans (ML) totaling Rb 653.25 bn were originated. This is below the volume of loans extended for the corresponding period of 2014 in numerical terms (by 36.24%) and in monetary terms (by 39.14%), the volume of residual debt of ML amounts to Rb 3.7 trillion and by 15.64% exceeded indebtedness registered as of 1 September 2014. Outstanding debt on ML less past-due payments as of 1 September 2015 up to Rb 3.47 trillion, and in percent to the overall volume of indebtedness down 0.3 p.p. and amounted to 93.73%. Monthly weighted average interest rate on ML in rubles from 1 April 2015 to 1 September down 0.75 p.p. and equaled 13.78%.

Suggested Citation

  • Georgiy Zadonsky, 2015. "Mortgage In Russian Federation In September 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 58-60, November.
    • Handle: RePEc:gai:recdev:616
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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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