Template-Type: ReDIF-Article 1.0
Author-Name:Georgiy Zadonsky
Author-Name-First: Georgiy                                        
Author-Name-Last: Zadonsky
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:   MORTGAGE IN THE RUSSIAN FEDERATION IN H1 2013
Abstract:  In 2013, growth in mortgage housing lending continued. In 2013, the volume of the extended mortgage housing loans (Rb 1,354 trillion) exceeded by 31.17% that of 2012. The quality of the portfolio of mortgage housing loans (MHL) kept getting worse: in 2013 the overdue debt fell to Rb 39.5bn with a decrease of its share in the debt to 1.49%; as of January 1, 2014 the debt without overdue payments in the total amount of the debt rose by 0.12 p.p. against January 1, 2013 and amounted to 96.05%, while the share of the defaulted MHL (with payments overdue for over 180 days) fell by 0.48 p.p. and amounted to 1.78%. In 2013, a decrease in the weighted average interest rate on ruble MHL within a month changes for a 0.2 p.p. growth in December to 12.1%.
Classification-JEL:   G21,  K11, L74,  L85,  R14,  R21 , R31,  R52  
Keywords: :  REAL ESTATE MARKET 
Journal: Russian Economic Developments
Year: 2014 
Issue: 3
Month: February
Pages: 31-33
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/280Zadonsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:280