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THE REAL ESTATE MARKET IN THE RUSSIAN FEDERATION IN H1 2013

Georgy Zadonsky

Russian Economic Development, 2013, issue 10, 37-42

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%.

Keywords: :; REAL; ESTATE; MARKET (search for similar items in EconPapers)
JEL-codes: G21 K11 L74 L85 R14 R21 R31 R52 (search for similar items in EconPapers)
Date: 2013
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