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Real Estate in the Russian Federation

  • Georgy Zadonsky

    (Gaidar Institute for Economic Policy)

In July 2012, entities of all the forms of ownership built 52,600 new apartments with the total floorspace of 4.21m sq. meters which is 13.8% more than in July 2011. In the 2nd quarter of 2012, the ratio between the price of a sq. meter of housing on the primary market and the cost of building of a sq. meter of housing amounted to 147.42% against 138.9% in the 1st quarter of 2012. The growth in the outstanding debt on MHL in rubles continued, and as of August 1, 2012 it amounted to Rb 1,572,685bn which is 41.28% more than in August 1, 2011. As regards loans in foreign currency, as of August 1, 2012 the debt on MHL amounted to Rb 137,728bn which is 11.7% less than that as of August 1, 2011.

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Article provided by Gaidar Institute for Economic Policy in its journal Russian Economic Developments.

Volume (Year): (2012)
Issue (Month): 10 (September)
Pages: 53-63

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Handle: RePEc:gai:recdev:10
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