Universal Journal of Accounting and Finance Vol. 9(2), pp. 170 - 177
DOI: 10.13189/ujaf.2021.090204
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Statistical Study of Current Trends in Mortgage Lending in Russia

Svetlana G. Babich ¹, Mikhail V. Karmanov ¹, Natalya N. Toropova ², Elizaveta S. Sokolova ², Elnur T. Mekhdiev ^2,*
1 Department of Statistics, Plekhanov Russian University of Economics, Stremyanny lane, 36, Moscow, 117997, Russia
² Center for Analysis, Risk Management and Internal Control in Digital Space, Financial University under the Government of the Russian Federation, 49, Leningradsky Prospekt, Moscow, 125993, Russia

ABSTRACT

Mortgage lending is one of the most important and most socially significant sectors of the national economy. Today, mortgage in Russia is rather underdeveloped and has a significant impact only on the economy of large cities. The development of mortgage in the Russian regions is hampered by the non-diversified approach to this issue. The article presents the results of analysis of housing mortgage loans dynamics in Russia. The number and volume of mortgage loans issued to individuals were assessed by regional structure. The Russian federal entities were grouped by the main indicators that affect the housing mortgage market. This allowed forming a basis for creating a strategy for the development of mortgage in Russia in the long term. Given the lack of a close relationship between mortgage lending and the situation in the housing market (in Moscow and St. Petersburg the demand for mortgage is higher than in other regions), the author has formed a more complex diversified model of regional distribution of mortgage lending. The author has also measured the dependence of the volume of housing mortgage loans on the main socioeconomic factors. The key finding of the article is that the most serious factors affecting mortgage lending in Russia are the factors that need to be influenced, specifically the volume of wages, housing prices at current prices, as well as the level of employment in the economy.

KEYWORDS
Housing Mortgage, Dynamics, Structure, Cluster Analysis, Correlation, Russia

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Svetlana G. Babich , Mikhail V. Karmanov , Natalya N. Toropova , Elizaveta S. Sokolova , Elnur T. Mekhdiev , "Statistical Study of Current Trends in Mortgage Lending in Russia," Universal Journal of Accounting and Finance, Vol. 9, No. 2, pp. 170 - 177, 2021. DOI: 10.13189/ujaf.2021.090204.

(b). APA Format:
Svetlana G. Babich , Mikhail V. Karmanov , Natalya N. Toropova , Elizaveta S. Sokolova , Elnur T. Mekhdiev (2021). Statistical Study of Current Trends in Mortgage Lending in Russia. Universal Journal of Accounting and Finance, 9(2), 170 - 177. DOI: 10.13189/ujaf.2021.090204.