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:  THE REAL ESTATE MARKET IN THE RUSSIAN FEDERATION IN H1 2013
Abstract:  In the first six months of 2013, 278,200 apartments with the total floorspace of 22.6m sq. meters were built. The average actual cost of building of 1 sq. meter rose by 11.8% in the first six months of 2013 as compared to the same period of 2012 and amounted to Rb 35,628, while the ratio between the price of 1 sq. meter of housing on the primary market and the cost of building of 1 sq. meter decreased within the same period by 7.0 p.p. and amounted to 138.5%. In the first six months of 2013, the volume of registration of individuals’ titles to land plots increased by 5.9% as compared to the first six months of 2012. In January-July 2013, 410,880 mortgage housing loans (MHL) worth Rb 663.6bn were extended which figure exceeds by 28.1% the monetary volume of MHL extended in January-July 2012. In July 2013, the average weighted monthly rate on MHL in rubles fell to 12.5%.
Classification-JEL:   G21,  K11, L74,  L85,  R14,  R21 , R31,  R52  
Keywords: :  REAL ESTATE MARKET 
Journal: Russian Economic Developments
Year: 2013 
Issue: 10
Month: October
Pages: 37-42
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/215Zadonsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:215