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:  MORTGAGE IN THE RUSSIAN FEDERATION IN H1 2015
Abstract:  In January–August 2015, 40.01 million m sq. of housing was constructed up 9.25% compared to the corresponding
period of the previous year. Average actual construction cost of a square meter of residential housing in H1
2015 down 9.83% against H2 2014 and amounted to Rb39.44 and ration between the cost of a square meter
of fl oor area on the primary housing market and the construction cost of a square meter up 6.48% for the
same peri-od and came to 132.35%. In January–July 2015, 3338,569 housing mortgage loans (HML) totaling
Rb557461bn were originated which was 60.12% lower in monetary terms against the same period of 2014. The
ruble stale debt on HML as of 1 August 2015 amounted to Rb34.86bn. At the same time, its share in the
residual debt up 0.1 p.p. against 1 August 2014. According to CBR, in July 2015, HML average rate extended
over a month in rubles fell ag ainst its maximum value of 1 March 2015 by 1.27 p.p. to 13.44%.
Classification-JEL:  G21,  K11, L74,  L85,  R14,  R21 , R31,  R52  
Keywords: :  REAL ESTATE MARKET, Russian Economy 
Journal: Russian Economic Developments
Year: 2015 
Issue: 10
Month: October
Pages: 48-52
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/601Zadonsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:601