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Mortgage In The Russian Federation In November 2015

Author

Listed:
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

Over 10 months of 2015, entities of all patterns of ownership have built 792,000 fl ats with total fl oor space of 58.9 million sq. m., which climed to 104.2% of fl oor area commissioned as of 1 November 2014. For the category “all fl ats” the rate of accessibility decreased in 2015 on the primary and secondary housing markets to 2.49 and 2.54 years, respectively. Compared to 9 months of 2014, the number of registered plots of land by individuals for the same period of 2015 (429,157 certificates) down 12.61%. In comparison with last year, the number of housing mortgage loans (HML) for 10 months 2015 fell by 33.93% in quantitative terms (526,757 mortgages) and down 37.07% in value terms (Rb 872.82bn). As of 1 November 2015, the HML quality portfolio denominated in roubles has deteriorated: outstanding debt in percent to residual debt has moved up by 0.17 p.p. to 1.02%. Nevertheless, from March 2015, average weighted rate on rouble loans down 1.82 p.p. to 12.89%.

Suggested Citation

  • Georgiy Zadonsky, 2016. "Mortgage In The Russian Federation In November 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 1, pages 46-51, January.
    • Handle: RePEc:gai:recdev:666
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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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