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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)

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.

Suggested Citation

  • Georgy Zadonsky, 2013. "Mortgage in the Russian Federation November 2012," Working Papers 38, Russian Presidential Academy of National Economy and Public Administration.
  • Handle: RePEc:rnp:wpaper:38
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    References listed on IDEAS

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    Keywords

    Real Estate; Russian Federation; Mortgage;

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