Russian Real Estate Market in January–October 2013
Russian Economic Developments. 2014, #1, pp. 41-45
5 Pages Posted: 30 Jan 2014
Date Written: January 29, 2014
In January–October 2013, entities of all the forms of ownership built 566,800 apartments with floorspace of 45.4m sq. m which is equal to 113.3% on the respective period of 2012. In 2013, the correlation between the price of housing and households’ income points to higher affordability of housing both on the primary market and the secondary market. The weighted average rate on MHL in rubles extended within a month fell from 12.9% in March 2013 to 12.3% as of November 1, 2013. As of October 1, 2012, the debt on MHL in shares of GDP increased to 4.89% which is 2.3 p.p. higher than the largest pre-crisis value in 2008.
Keywords: Russian economy, real estate market
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
Suggested Citation: Suggested Citation