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 OCTOBER 2015
Abstract:  Over three quarters of 2015, 461,232 mortgage loans (ML) totaling Rb 761.8bn were originated which is below the volume of loans extended for the corresponding period of 2014 in monetary terms down 38% and in numerical terms down 35%. As of 1 October 2015, the share of ruble ML in the volume of consumer credit came to 18.73% which is by 0.65 p.p. less than the corresponding share as of 1 October 2014. Outstanding debt on ruble ML in percent to the residual debt as of the same date has gone up by 0.17 p.p. to 1.02%. The weighted average interest rate across the Russian Federation on ruble mortgage loans originated in September 2015 came to 13.12% against the maximum indicator of 14.71% in February 2015.
Classification-JEL:  G21,  K11, L74,  L85,  R14,  R21 , R31,  R52  
Keywords:  REAL ESTATE MARKET, Russian Economy 
Journal: Russian Economic Developments
Year: 2015 
Issue: 12
Month: December
Pages: 72-75
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/647Zadonsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:647