Russia's Real Property Market in January-November 2014

Russian Economic Developments. Moscow, 2015, pp. 37-40

4 Pages Posted: 7 Feb 2015

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Date Written: February 5, 2015

Abstract

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

Zadonsky, Georgy, Russia's Real Property Market in January-November 2014 (February 5, 2015). Russian Economic Developments. Moscow, 2015, pp. 37-40, Available at SSRN: https://ssrn.com/abstract=2560889 or http://dx.doi.org/10.2139/ssrn.2560889

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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