Template-Type: ReDIF-Paper 1.0
Author-Name: Georgy Malginov
Author-Name-First: Georgy
Author-Name-Last: Malginov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: The housing market in Russian cities and housing construction in 2024
Abstract: 2024 marked the end of the active growth for the Russian real estate market and the transition to the phase of expected slowdown. The well-established mechanism of state support for mortgages, which stimulated demand, was subjected to a double squeeze: the government’s radical modification of preferential programs and the Bank of Russia’s continued increase in the key rate. However, the retention of the general favorable background in the economy (GDP growth of 4.1% and real disposable income of the population of 7.3%) led to the fact that the downward trend manifested itself rather moderately.
Classification-JEL: H82, K11, L32, L33
Keywords: Russian economy, residential property prices, housing market, housing construction
Creation-Date: 2025
Revision-Date: 2025
Length: 17 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2025-1416.pdf
File-Format: application/pdf
File-Function: Revised Version, 2025
Handle: RePEc:gai:ppaper:ppaper-2025-1416