The Real Property Market in the Russian Federation in Q1 2015

Russian Economic Developments. Moscow, 2015, #7, pp. 39-42

4 Pages Posted: 4 Aug 2015

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Date Written: July 24, 2015

Abstract

In January–April 2015, entities of all the patterns of ownership built 295,100 apartments with the total floorspace of 23.4m sq. meters which is equal to 128.4% as compared to the respective period of 2014. In Q1 2015, the average actual cost of building of a sq. meter of housing rose by 1.25% as compared to Q1 2014 and amounted to Rb 39,790. In Q1 2015, the volume of registration of individuals’ titles to land plots (1,358,000 certificates) increased by 8.23% as compared to Q1 2014. In January–April 2015, 184426 mortgage housing loans (MHL) for the total sum of Rb 297,819 bn were extended (it is 36.75% and 39.66% lower in quantitative and monetary terms, respectively as compared to January–April 2014). In April 2015, the weighted average rate on MHL extended within a month in rubles amounted to 14.05% against 14.7% in March.

Keywords: Russian economy, Russian real estate market

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

Suggested Citation

Zadonsky, Georgy, The Real Property Market in the Russian Federation in Q1 2015 (July 24, 2015). Russian Economic Developments. Moscow, 2015, #7, pp. 39-42, Available at SSRN: https://ssrn.com/abstract=2639623 or http://dx.doi.org/10.2139/ssrn.2639623

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
15
Abstract Views
284
PlumX Metrics