IDEAS home Printed from https://ideas.repec.org/a/nos/voprec/y2023id4048.html
   My bibliography  Save this article

Mortgage lending and housing prices in Russia: Unfounded accusations?

Author

Listed:
  • A. V. Mishura

Abstract

The article analyzes the relationship between the price of housing and the volume of issued housing loans in Russia in 2009—2021. Has the development of the mort- gage lending market in recent years driven up housing prices; as has often been claimed? Using data from Rosstat and the Central Bank of the Russian Federation on average housing prices and lending volumes in Russia as a whole; as well as in Russian regions; the significance of mutual influence of their quarterly and annual changes is estimated using vector autoregression and panel vector autoregression models; taking into account exogenous variables. It has been found that mortgage lending dynamics was not a significant and stable factor in the growth of housing prices. The latter largely depended on the households’ solvent demand; macroeco- nomic conditions; the state of regional economy; and dynamics of the housing stock.

Suggested Citation

  • A. V. Mishura, 2023. "Mortgage lending and housing prices in Russia: Unfounded accusations?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 3.
    • Handle: RePEc:nos:voprec:y:2023:id:4048
    DOI: 10.32609/0042-8736-2023-3-63-82
    as

    Download full text from publisher

    File URL: https://www.vopreco.ru/jour/article/viewFile/4048/2551
    Download Restriction: no
    File URL: https://libkey.io/10.32609/0042-8736-2023-3-63-82?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:voprec:y:2023:id:4048. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: NEICON (email available below). General contact details of provider: https://www.vopreco.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.