THE REAL PROPERTY MARKET IN THE RUSSIAN FEDERATION IN Q1 2015

Georgy Zadonsky

Russian Economic Development, 2015, issue 7, 39-42

Abstract: In January–April 2015, entities of all the patterns of ownership built 295,100 apartments with the total fl oorspace of 23.4m sq. meters which is equal to 128.4% as compared to the respective period of 2014. In Q1 2015, the average actual cost of building of a sq. meter of housing rose by 1.25% as compared to Q1 2014 and amounted to Rb 39,790. In Q1 2015, the volume of registration of individuals’ titles to land plots (1,358,000 certifi cates) increased by 8.23% as compared to Q1 2014. In January–April 2015, 184426 mortgage housing loans (MHL) for the total sum of Rb 297,819bn were extended (it is 36.75% and 39.66% lower in quantitative and monetary terms, respectively as compared to January–April 2014). In April 2015, the weighted average rate on MHL extended within a month in rubles amounted to 14.05% against 14.7% in March.

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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