Housing Market in Russia in 2016

Russian Economy in 2016. Trends and Outlooks. 2017. Moscow. IEP, issue 38, pp. 280-286

10 Pages Posted: 17 Jul 2017

See all articles by Georgy Zadonsky

Georgy Zadonsky

Gaidar Institute for Economic Policy

Date Written: July 7, 2017

Abstract

According to the data released by the Bank of Russia, as of July 1, 2016, the number of credit institutions issuing residential loans (RL) and housing mortgage loans (HNL) fell to 680 and constituted 85.3% of their number as of July 1, 2015 (Table 16). Herewith, the number of credit institutions issuing RL came to 522 and those extending HML – 499, and those attracting refinancing on the HML secondary market – 34. Moreover, the number of credit institutions extending housing mortgage loans secured by the right of foreclosure on agreements of participation in shared construction came to 212 as of July 1, 2016.

Keywords: Russian economy, mortgage, land market

JEL Classification: G21, K11, L74, L85

Suggested Citation

Zadonsky, Georgy, Housing Market in Russia in 2016 (July 7, 2017). Russian Economy in 2016. Trends and Outlooks. 2017. Moscow. IEP, issue 38, pp. 280-286, Available at SSRN: https://ssrn.com/abstract=2998547 or http://dx.doi.org/10.2139/ssrn.2998547

Georgy Zadonsky (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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