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Housing market in Russia in 2016

Author

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  • Zadonsky Georgy

    (Gaidar Institute for Economic Policy)

Abstract

According to the data released by the Bank of Russia, as of July 1, 2016, the number of credit institutions issuing residential loans (RL) and housing mortgage loans (HNL) fell to 680 and constituted 85.3% of their number as of July 1, 2015 (Table 16). Herewith, the number of credit institutions issuing RL came to 522 and those extending HML – 499, and those attracting refinancing on the HML secondary market – 34. Moreover, the number of credit institutions extending housing mortgage loans secured by the right of foreclosure on agreements of participation in shared construction came to 212 as of July 1, 2016.

Suggested Citation

  • Zadonsky Georgy, 2017. "Housing market in Russia in 2016," Published Papers ppaper-2017-283, Gaidar Institute for Economic Policy, revised 2017.
    • Handle: RePEc:gai:ppaper:ppaper-2017-283
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    File Function: Revised version, 2017
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    More about this item

    Keywords

    Russian economy; mortgage; land market;
    All these keywords.

    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

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