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Russian Real Estate Market In January–October 2013

Author

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  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

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

Suggested Citation

  • Georgiy Zadonsky, 2014. "Russian Real Estate Market In January–October 2013," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 1, pages 41-45, January.
  • Handle: RePEc:gai:recdev:268
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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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