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Russian Real Estate Market In January–October 2013

Listed author(s):
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

In January–October 2013, entities of all the forms of ownership built 566,800 apartments with floorspace of 45.4m sq. m which is equal to 113.3% on the respective period of 2012. In 2013, the correlation between the price of housing and households’ income points to higher affordability of housing both on the primary market and the secondary market. The weighted average rate on MHL in rubles extended within a month fell from 12.9% in March 2013 to 12.3% as of November 1, 2013. As of October 1, 2012, the debt on MHL in shares of GDP increased to 4.89% which is 2.3 p.p. higher than the largest pre-crisis value in 2008

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

Volume (Year): (2014)
Issue (Month): 1 (January)
Pages: 41-45

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Handle: RePEc:gai:recdev:268
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