Template-Type: ReDIF-Paper 1.0
Author-Name:Malginov Georgiy
Author-Name-First: Georgiy 
Author-Name-Last:Malginov 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Sternik Sergey
Author-Name-First: Sergey 
Author-Name-Last:Sternik 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: The housing market in Russia's cities in 2017
Abstract: The actual development pattern displayed by the Russian economy in 2017 only in part answered the expectations voiced by the expert community in late 2016. First of all, last year there was no sustainable recovery at the macroeconomic level. Although the year-end GDP growth rate amounted to 1.5 percent, it still demonstrated rather strong volatility of its index over the course of the year. However, the professional participants of the real estate market, as well as Russian businesses in general, usually look not at GDP or industrial output indices, but at the exchange rate of the national currency, the movement of wages and salaries, and consumer demand, because the latter better describe the existing risks, while the movement pattern of GDP serves only as a background indicator.
Classification-JEL: K11, H82, L32, L33
Keywords:  Russian economy, residential property prices, housing market, housing construction
Creation-Date: 2018
Revision-Date:2018
Length: 19 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2018-320.pdf
File-Format: application/pdf
File-Function: Revised version, 2018
Handle: RePEc:gai:ppaper:ppaper-2018-320