Mortgage market sags 40%
3 September 2015 (09:18)
UrBC, Moscow, September 3, 2015. Russian banks issued their borrowers 338,502 mortgage loans in rubles, with the overall amount at 555.3bn RUR, between January 1 and July 31, 2015. This is 40% less than a year earlier, Banki.ru refers to the Russian Central Bank as reporting.
The average weighted interest rate has gone down from 14.04% on January 1 to 13.93% on July 1.
Additionally, 67 mortgage loans in foreign currency, with the overall amount at 2.15bn RUR, were also issued in the given period. The average weighted interest rate on these mortgages was 10.08%.
The overall mortgage debt came to 3.65 trillion RUR on August 1, of which 2.22% were payments delayed by 1 to 30 days, 0.98% were payments delayed by 31 to 90 days, 0.58% were payments delayed by 91 to 180 days, and 2.19% were payments delayed by over 180 days.
The average weighted interest rate has gone down from 14.04% on January 1 to 13.93% on July 1.
Additionally, 67 mortgage loans in foreign currency, with the overall amount at 2.15bn RUR, were also issued in the given period. The average weighted interest rate on these mortgages was 10.08%.
The overall mortgage debt came to 3.65 trillion RUR on August 1, of which 2.22% were payments delayed by 1 to 30 days, 0.98% were payments delayed by 31 to 90 days, 0.58% were payments delayed by 91 to 180 days, and 2.19% were payments delayed by over 180 days.
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