MORTGAGE IN THE RUSSIAN FEDERATION IN NOVEMBER 2015

Georgy Zadonsky

Russian Economic Development, 2016, issue 1, 46-51

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%.

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: 2016
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