Mortgage market shrinks 40.9%
3 July 2015 (13:10)
UrBC, Moscow, July 3, 2015. Russia’s mortgage lending market declined by 40.9% (down to 371.279bn RUR) in January-May 2015 compared with January-May 2014; the figures apply to ruble mortgages, Central Bank reports.
The overall volume of foreign currency mortgages dropped by 53.7%, down to 1.475bn RUR.
As of June 1, the borrowers still had 3.473 trillion RUR left to pay, including 33.281bn RUR worth of past-due payments.
The overall volume of foreign currency mortgages dropped by 53.7%, down to 1.475bn RUR.
As of June 1, the borrowers still had 3.473 trillion RUR left to pay, including 33.281bn RUR worth of past-due payments.
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