Template-Type: ReDIF-Article 1.0
Author-Name: Georgy Zadonsky
Author-Name-First: Georgy 
Author-Name-Last: Zadonsky
Author-Workplace-Name:  Gaidar Institute for Economic Policy 
Title: Real Estate in the Russian Federation
Abstract: In July 2012, entities of all the forms of ownership built 52,600 new apartments with the total floorspace of 4.21m sq. meters which is 13.8% more than in July 2011. In the 2nd quarter of 2012, the ratio between the price of a sq. meter of housing on the primary market and the cost of building of a sq. meter of housing amounted to 147.42% against 138.9% in the 1st quarter of  2012. The growth in the outstanding debt on MHL in rubles continued, and as of August 1, 2012 it amounted to Rb 1,572,685bn which is  41.28% more than in August 1, 2011. As regards loans in foreign currency, as of August 1, 2012 the debt on MHL amounted to Rb 137,728bn which is 11.7% less than that as of August 1, 2011.  
Classification-JEL: G21, K11, L74, L85, R14, R21, R31, R52
Keywords: Real Estate,  Russian Federation
Journal:Russian Economic Developments
Year: 2012 
Issue: 10
Month: September
Pages: 53-63
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/10Zadonsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:10