Russian mortgage loan growth rate accelerates to 39%

Russian mortgage loan growth: The value of mortgage loans approved amounted to RUB758.4bn in the first half of 2014 – up 39% on the same period  in 2013. Over 30% of all loans issued were for properties in Moscow, the Moscow region, St. Petersburg and the Tyumen Region in Western Siberia and the average loan term was 14.6 years. Izvestia