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The Real Estate Market In The Russian Federation In January-February 2015

Author

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  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

In January–February 2015, 155,900 apartments were commissioned and their total fl oorspace of 12.3m sq. meters exceeded by 40.6% the result of January–February 2014. According to the data of the Rosreestr, in 2014 the volume of registered titles to land plots (6735253 registration certificates), including the individuals’ titles exceeded by 1.69% the result of 2013. For the first time since 2010, growth in mortgage housing landing gave way in 2015 to a decrease: 43025 loans for the total amount of Rb 70.52bn extended in January 2015 were 9.85% and 11.07% lower in quantitative and monetary terms, respectively, than in January 2014. As of 1 February 2015, the overdue debt on MHL in rubles as percentage of the outstanding debt fell 0.12 p.p. as compared to 1 February 2014 and amounted to 0.87%. In January 2015, the weighted average rate on MHL in rubles amounted to 14.16%, which is 2.19 p.p. higher than the lowest value of the rate in 2014.

Suggested Citation

  • Georgiy Zadonsky, 2015. "The Real Estate Market In The Russian Federation In January-February 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 48-51, April.
    • Handle: RePEc:gai:recdev:496
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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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