Russia's Real Property Market in January-November 2014
Russian Economic Developments. Moscow, 2015, pp. 37-40
4 Pages Posted: 7 Feb 2015
Date Written: February 5, 2015
In January-October 2014, entities of all the forms of ownership built 729,400 apartments with the total floorspace of 56.1m sq. m. which is equal to 123.7% on the respective period of 2013. Despite the macroeconomic situation, in 2014 in the country the ratio between the price of housing and households’ income points to higher affordability of housing both on the primary and the secondary market. In 2014, the weighted average rate on MHL in rubles extended within a month rose from the minimum value of 11.97% in March to 12.84% in October. As of October 1, 2014, the debt on MHL amounted to 6.19% of the respective GDP which value is 1.21 p.p. higher than that as of October 1, 2013.
Keywords: Russian economy. Russia, real estate market
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
Suggested Citation: Suggested Citation