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Digest Finance
 

Mortgage in the land market of the Baikal region: growth and stagnation trends

Vol. 21, Iss. 4, DECEMBER 2016

PDF  Article PDF Version

Received: 19 October 2016

Received in revised form: 7 November 2016

Accepted: 21 November 2016

Available online: 20 December 2016

Subject Heading: SOCIO-ECONOMIC DEVELOPMENT

JEL Classification: E52, R13, R30

Pages: 52-62

Rogova M.V. V.B. Sochava Institute of Geography, Siberian Branch of Russian Academy of Sciences, Irkutsk, Russian Federation
traveller-irk@ya.ru

Importance As observed in the land market, sale and purchase contracts for mortgage has become one of the most popular forms of agreement. The article contains evidence from mortgage deals in the Baikal region.
Objectives The research pursues describing how the population actually depends on bank loans.
Methods Rosreestr data on sale and purchase deals appear to be rather meaningful information to forecast and evaluate the socio-economic situation. When financial institutions use mortgage lending growth indices to conceal the refinancing of older loans, it is instrumental to count Rosreestr data on the deals for the current year and generate plausible statistics.
Results Collected for the five-year period and presented as charts and tables, the data demonstrate a stable substitution of mortgage-free deals with sale and purchase deals with the mortgage commitments. Mortgage-free deals have ceased to be registered in most areas mentioned for the recent three years.
Conclusions and Relevance Comparing results of regional researches with the national ones, I obtained illustrative information on a growth in mortgage loan agreements for recent years. However, this conclusion is not a positive aspect of the mortgaged land market. The outcomes may prove useful for researches into economic and social phenomena as baseline data to prepare sociological surveys, and for practical purposes.

Keywords: land plot, mortgage, interest rate, sale & purchase, deal

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