REAL ESTATE MARKET IN THE RUSSIAN FEDERATION IN JUNE 2013

Georgy Zadonsky

Russian Economic Development, 2013, issue 8, 32-34

Abstract: In the first five months of 2013, 270108 mortgage housing loans (MHL) for the amount of Rb 435,071bn were granted which is 12.41% and 24.86% higher than in 2012 as regards the number of the loans and their value in monetary terms, respectively. As of June 1, 2013, the outstanding debt on MHL rose by 34.91% as compared to June 1, 2012and amounted to Rb 2,214trillion. In 2013, the share of overdue debt in the outstanding debt on MHL in rubles decreased and amounted to 1.32% as of June 1, 2013, while that on loans in foreign currency increased within the same period to 12.15%. In May 2013, interest rates on MHL rose by 0.1 p.p. as compared to April; it is to be noted that the monthly average rate on loans in rubles amounted to 12.7%, while that on loans in foreign currency extended from the beginning of the year, to 10.1%.

Keywords: :; REAL; ESTATE; MARKET (search for similar items in EconPapers)
JEL-codes: G21 K11 L74 L85 R14 R21 R31 R52 (search for similar items in EconPapers)
Date: 2013
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