Housing market in Russia in 2016
Published Papers from Gaidar Institute for Economic Policy
According to the data released by the Bank of Russia, as of July 1, 2016, the number of credit institutions issuing residential loans (RL) and housing mortgage loans (HNL) fell to 680 and constituted 85.3% of their number as of July 1, 2015 (Table 16). Herewith, the number of credit institutions issuing RL came to 522 and those extending HML – 499, and those attracting refinancing on the HML secondary market – 34. Moreover, the number of credit institutions extending housing mortgage loans secured by the right of foreclosure on agreements of participation in shared construction came to 212 as of July 1, 2016.
Keywords: Russian economy; mortgage; land market (search for similar items in EconPapers)
JEL-codes: G21 K11 L74 L85 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2017, Revised 2017
New Economics Papers: this item is included in nep-cis, nep-tra and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2017-283
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