MORTGAGE IN THE RUSSIAN FEDERATION IN H1 2015

Georgy Zadonsky

Russian Economic Development, 2015, issue 10, 48-52

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%.

Keywords: : REAL ESTATE MARKET; Russian Economy (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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