Real Estate in the Russian Federation

Georgy Zadonsky

Russian Economic Development, 2012, issue 10, 53-63

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.

Keywords: Real Estate; Russian Federation (search for similar items in EconPapers)
JEL-codes: G21 K11 L74 L85 R14 R21 R31 R52 (search for similar items in EconPapers)
Date: 2012
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