Mortgage in the Russian Federation November 2012

Georgy Zadonsky

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: Within three quarters of 2012, the volume of mortgage housing loans (MHL) (Rb 698.59bn) exceeded by 50% that extended in the respective period of 2011. With growth in lending volumes, a decrease in the overdue debt on MHL in rubles both in monetary terms and as a percentage of the outstanding debt (1.5% as of October 1, 2012) and growth in the share of the overdue debt on MHL in foreign currency in the foreign currency debt (14.86% as of October 1, 2012) points to the fact that the quality of MHL in rubles keeps getting better, while that of MHL in foreign currency is deteriorating.

Keywords: Real Estate; Russian Federation; Mortgage (search for similar items in EconPapers)
Pages: 6 pages
Date: 2013-01
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