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 NOVEMBER 2015
Abstract:  Over 10 months of 2015, entities of all patterns of ownership have built 792,000 fl ats with total fl oor space of 58.9 million sq. m., which climed to 104.2% of fl oor area commissioned as of 1 November 2014. For the category “all fl ats” the rate of accessibility decreased in 2015 on the primary and secondary housing markets to 2.49 and 2.54 years, respectively. Compared to 9 months of 2014, the number of registered plots of land by individuals for the same period of 2015 (429,157 certificates) down 12.61%. In comparison with last year, the number of housing mortgage loans (HML) for 10 months 2015 fell by 33.93% in quantitative terms (526,757 mortgages) and down 37.07% in value terms (Rb 872.82bn). As of 1 November 2015, the HML quality portfolio denominated in roubles has deteriorated: outstanding debt in percent to residual debt has moved up by 0.17 p.p. to 1.02%. Nevertheless, from March 2015, average weighted rate on rouble loans down 1.82 p.p. to 12.89%. 
Classification-JEL:  G21,  K11, L74,  L85,  R14,  R21 , R31,  R52  
Keywords: :  REAL ESTATE MARKET, Russian Economy 
Journal: Russian Economic 
Year: 2016 
Issue: 1
Month: January
Pages: 46-51
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/666Zadonsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:666