MORTGAGE IN RUSSIAN FEDERATION IN SEPTEMBER 2015

Georgy Zadonsky

Russian Economic Development, 2015, issue 11, 58-60

Abstract: Since the turn of the year to 1 September 2015, 396,198 mortgage loans (ML) totaling Rb 653.25 bn were originated. This is below the volume of loans extended for the corresponding period of 2014 in numerical terms (by 36.24%) and in monetary terms (by 39.14%), the volume of residual debt of ML amounts to Rb 3.7 trillion and by 15.64% exceeded indebtedness registered as of 1 September 2014. Outstanding debt on ML less past-due payments as of 1 September 2015 up to Rb 3.47 trillion, and in percent to the overall volume of indebtedness down 0.3 p.p. and amounted to 93.73%. Monthly weighted average interest rate on ML in rubles from 1 April 2015 to 1 September down 0.75 p.p. and equaled 13.78%.

Keywords: : REAL ESTATE MARKET; Russian Economy (search for similar items in EconPapers)
JEL-codes: G21 K11 L74 L85 R14 R21 R31 R52 (search for similar items in EconPapers)
Date: 2015
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