IDEAS home Printed from https://ideas.repec.org/p/gai/ppaper/ppaper-2018-320.html
   My bibliography  Save this paper

The housing market in Russia's cities in 2017

Author

Listed:
  • Malginov Georgiy

    (Gaidar Institute for Economic Policy)

  • Sternik Sergey

    (Gaidar Institute for Economic Policy)

Abstract

The actual development pattern displayed by the Russian economy in 2017 only in part answered the expectations voiced by the expert community in late 2016. First of all, last year there was no sustainable recovery at the macroeconomic level. Although the year-end GDP growth rate amounted to 1.5 percent, it still demonstrated rather strong volatility of its index over the course of the year. However, the professional participants of the real estate market, as well as Russian businesses in general, usually look not at GDP or industrial output indices, but at the exchange rate of the national currency, the movement of wages and salaries, and consumer demand, because the latter better describe the existing risks, while the movement pattern of GDP serves only as a background indicator.

Suggested Citation

  • Malginov Georgiy & Sternik Sergey, 2018. "The housing market in Russia's cities in 2017," Published Papers ppaper-2018-320, Gaidar Institute for Economic Policy, revised 2018.
    • Handle: RePEc:gai:ppaper:ppaper-2018-320
    as

    Download full text from publisher

    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2018-320.pdf
    File Function: Revised version, 2018
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Russian economy; residential property prices; housing market; housing construction;
    All these keywords.

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:gai:ppaper:ppaper-2018-320. 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: Aleksei Astakhov (email available below). General contact details of provider: https://edirc.repec.org/data/gaidaru.html .

    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.