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:  Housing mortgage in the russian federation in q2 2015
Abstract:  In Q2 2015, housing mortgage loans (HML) totaling to Rb 242.53bn were originated which was 44.23% lower
than the same index for Q2 2014. The volume of residual debt on HML as of 1 July 2015 constituted Rb 3.608 trillion.
The share the ruble stale debt on HML in the residual debt came to 0.98% as of 1 July 2015 against 0.92%
as of 1 April 2015. As of 1 July 2015, the share of debt on default HML with past-due payments of 180 days and
more went up to 2.08% of the total debt amount. The weighted average interest rate on ruble-denominated
HML issued in June 2015 constituted 13.29% and the weighted average interest rate for half year – 14.4%. In the
course of Q2 2015, in the framework of the state program of subsidizing interest rates of the residential mortgage
loans extended for purchasing accommodation in the new housing construction sector (interest rate not
more than 12%) a total number of 52 thousand loans were originated totaling to Rb 90bn which constitute 38%
of the total HML amount originated over this period.
Classification-JEL:  G21,  K11, L74,  L85,  R14,  R21 , R31,  R52  
Keywords: :  REAL ESTATE MARKET, Russian economy 
Journal: Russian Economic Developments
Year: 2015 
Issue: 9
Month: September
Pages: 39-40
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/582Zadonsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:582