THE REAL ESTATE MARKET IN THE RUSSIAN FEDERATION IN JANUARY-FEBRUARY 2015

Georgy Zadonsky

Russian Economic Development, 2015, issue 4, 48-51

Abstract: In January–February 2015, 155,900 apartments were commissioned and their total fl oorspace of 12.3m sq. meters exceeded by 40.6% the result of January–February 2014. According to the data of the Rosreestr, in 2014 the volume of registered titles to land plots (6735253 registration certificates), including the individuals’ titles exceeded by 1.69% the result of 2013. For the first time since 2010, growth in mortgage housing landing gave way in 2015 to a decrease: 43025 loans for the total amount of Rb 70.52bn extended in January 2015 were 9.85% and 11.07% lower in quantitative and monetary terms, respectively, than in January 2014. As of 1 February 2015, the overdue debt on MHL in rubles as percentage of the outstanding debt fell 0.12 p.p. as compared to 1 February 2014 and amounted to 0.87%. In January 2015, the weighted average rate on MHL in rubles amounted to 14.16%, which is 2.19 p.p. higher than the lowest value of the rate in 2014.

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: 2015
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