Housing Expenditures, Purchase and Rental of Residential Properties in Russia’s Regions
Monitoring of Russia's Economic Outlook. 2017, Moscow, IEP, No 9, pp. 20-24
5 Pages Posted: 26 May 2017
Date Written: May 25, 2017
Over the past two years, the cost of housing and community amenities has been growing at a moderate rate. Due to financial problems, one in every ten households delayed paying its bills, or paid them only in part. The volume of housing and community amenities payments in arrears remained the same as in the previous years. The monthly rent cost of a one-room apartment, which in 2010–2015 had been equivalent to half of an average wage, in Q1 2017 fell to 40% of an average wage.
Keywords: Russian economy, housing, mortgage
JEL Classification: R21, R31
Suggested Citation: Suggested Citation