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Real Estate Market In The Russian Federation In January-February 2014

Author

Listed:
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

116,300 residential apartments were built in the period of January 2014 thru February 2014, with a total residential floor space measuring 8.7m sq. meters, an increase 34.3%. year-on-year. According to the Federal Service for State Registration, Cadastre and Cartography (Rosregister), in 2013 the volume of registered title to land pots (6623502 registered title deeds) including individuals, overtook by 4.16% the results achieved in 2012. Comparing with January 2013, the volume of HMLs issued in January 2014 (47724 loans of Rb 79,294bn) increased 41.8% in quantity and 51.8% in monetary terms. As of February 1, 2014, overdue debt on ruble-denominated HMLs as percentage of the residual debt slid down by 0.49 p.p. against February 1, 2013 and stood at 1.0%. The weighted average interest rate on ruble-denominated HMLs was 12.3% in January 2014, being 0.4 p.p. higher than the lowest value in 2013.

Suggested Citation

  • Georgiy Zadonsky, 2014. "Real Estate Market In The Russian Federation In January-February 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 38-41, April.
    • Handle: RePEc:gai:recdev:312
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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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