The Real Estate Market in the Russian Federation in January-February 2015
Russian Economic Developments. Moscow, 2015, pp. 48-51
4 Pages Posted: 8 May 2015
Date Written: May 6, 2015
In January-February 2015, 155,900 apartments were commissioned and their total floorspace of 12.3m sq. meters exceeded by 40.6% the result of January-February 2014. According to the data of the Rosreestr, in 2014 the volume of registered titles to land plots (6735253 registration certificates), including the individuals’ titles exceeded by 1.69% the result of 2013. For the first time since 2010, growth in mortgage housing landing gave way in 2015 to a decrease: 43025 loans for the total amount of Rb 70.52bn extended in January 2015 were 9.85% and 11.07% lower in quantitative and monetary terms, respectively, than in January 2014. As of 1 February 2015, the overdue debt on MHL in rubles as percentage of the outstanding debt fell 0.12 p.p. as compared to 1 February 2014 and amounted to 0.87%. In January 2015, the weighted average rate on MHL in rubles amounted to 14.16%, which is 2.19 p.p. higher than the lowest value of the rate in 2014.
Keywords: Russian economy, real estate market
JEL Classification: G21, K11, L74, L85, R14, R21, R31, R52
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