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

See all articles by Aleksandra Burdyak

Aleksandra Burdyak

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting

Date Written: May 25, 2017

Abstract

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

Burdyak, Aleksandra, Housing Expenditures, Purchase and Rental of Residential Properties in Russia’s Regions (May 25, 2017). Monitoring of Russia's Economic Outlook. 2017, Moscow, IEP, No 9, pp. 20-24, Available at SSRN: https://ssrn.com/abstract=2973791 or http://dx.doi.org/10.2139/ssrn.2973791

Aleksandra Burdyak (Contact Author)

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting ( email )

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia
+7 495 695 11 62 (Phone)

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