Real Estate Market in the Russian Federation in January-February 2014

Russian Economic Developments. 2014, №4. Pp. 38-41.

4 Pages Posted: 23 Apr 2014

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Date Written: April 22, 2014

Abstract

116,300 residential apartments were built in the period of January 2014 thru February 2014, with a total residential floor space measuring 8.7m sq. meters, an increase 34.3%. year-on-year. According to the Federal Service for State Registration, Cadastre and Cartography (Rosregister), in 2013 the volume of registered title to land pots (6623502 registered title deeds) including individuals, overtook by 4.16% the results achieved in 2012. Comparing with January 2013, the volume of HMLs issued in January 2014 (47724 loans of Rb 79,294bn) increased 41.8% in quantity and 51.8% in monetary terms. As of February 1, 2014, overdue debt on ruble-denominated HMLs as percentage of the residual debt slid down by 0.49 p.p. against February 1, 2013 and stood at 1.0%. The weighted average interest rate on ruble-denominated HMLs was 12.3% in January 2014, being 0.4 p.p. higher than the lowest value in 2013.

Keywords: Russian Economic, Real Estate Market

JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52

Suggested Citation

Zadonsky, Georgy, Real Estate Market in the Russian Federation in January-February 2014 (April 22, 2014). Russian Economic Developments. 2014, №4. Pp. 38-41., Available at SSRN: https://ssrn.com/abstract=2427681

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
23
Abstract Views
279
PlumX Metrics