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The Real Estate Market In The Russian Federation In H1 2014

Author

Listed:
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

In H1 2014, 375,800 apartments with the total fl oorspace of 29.4m sq. m. were built which value amounted to 130.2% on the respective period of the previous year. In Q2 2014, the average actual cost of building of 1sq m of housing increased by 13.55% as compared to Q2 2013 and amounted to Rb 40,456, while the ratio between the price of 1 sq. m of housing on the primary housing market decreased within the same period by 12.6% and amounted to 125.86%. In H1 2014, the volume of registration of individuals’ titles of ownership (2,796,474 certifi cates) to land plots increased by 1.69% as compared to H1 2013. In January–July 2014, 538,482 MHL for the total amount of Rb 927,038bn were extended which value exceeds the volume of MHL extended in January–July 2013 by 39.67% and 31.01% in monetary terms and as regards the number of loans, respectively. In July 2014, the weighted average rate on MHL extended in rubles within a month fell by 0.02 p.p. to 12.21% as compared to July.

Suggested Citation

  • Georgiy Zadonsky, 2014. "The Real Estate Market In The Russian Federation In H1 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 10, pages 35-40, September.
    • Handle: RePEc:gai:recdev:398
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    More about this item

    Keywords

    : REAL ESTATE MARKET;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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