Template-Type: ReDIF-Article 1.0
Author-Name:Georgy Zadonsky
Author-Name-First: Georgy   
Author-Name-Last: Zadonsky
Author-Workplace-Name:  Gaidar Institute for Economic Policy 
Title: Mortgage in the Russian Federation
Abstract:  In January-August 2012, mortgage housing loans for Rb 611,561bn were extended which figure is 54% higher than the volume of lending in the respective period of 2011. As of September 1, 2012, the outstanding debt on MHL in the amount of Rb 1,765 trillion exceeded by 34.52% that as of September 1, 2011. The positive trend – a decrease both in the share of the overdue debt on MHL in rubles in the outstanding debt and the share of the volume of defaulted MHL in the total debt – continued. In August 2012, the weighted average rate on MHL in rubles rose by 0.1 p.p. and amounted to 12.3% against 11.4% as of December 1, 2011.  
Classification-JEL: G21, K11, L74, L85, R14, R21, R31, R52
Keywords: Real Estate,  Russian Federation, Mortgage
Year: 2012 
Issue: 11
Month: October
Pages: 41-48
Journal:Russian Economic Developments
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/19Zadonsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:19