Template-Type: ReDIF-Article 1.0
Author-Name: Georgiy Zadonsky 
Author-Name-First: Georgiy 
Author-Name-Last: Zadonsky
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:  REAL ESTATE MARKET IN THE RUSSIAN FEDERATION IN Q1 2013
Abstract:  126,100 apartments covering a total of 10.4 million square meters floor space were constructed in Q1 2013, accounting for 106.5% against Q1 2012. Average actual cost of construction of 1 square meter in the housing total floor space increased 7.89% in Q1 2013 vs. Q1 2012 and amounted to Rb 34,920. The ratio of the price of 1 square meter of residential floor space in the total floor space in the primary housing market to the cost of construction of 1 square meter of the residential floor space increased by 0.85 p.p. over the same period and stood at 139.75%. State registration of land title for individuals (1,243m title deeds) increased 6.24% in volumes in Q1 2013 vs. Q1 2012. 211480 housing mortgage loans (HMLs), Rb 341,0bn, were issued from January to April 2013, showing an increase of 27.52% vs. April 2012. In April 2013, monthly growth in the weighted average interest rate on ruble
HMLs gave way to a decline for the first time since November 2011. The interest rate decreased 0.3 p.p., falling to 12.6%.
Classification-JEL:   G21,  K11, L74,  L85,  R14,  R21 , R31,  R52  
Keywords: :  REAL ESTATE MARKET 
Journal: Russian Economic Developments
Year: 2013 
Issue: 7
Month: July
Pages: 38-41
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/161Zadonsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:161