The Federal Service for State Registration, Cadastral Matters and Cartography (Rosreestr) has registered a dramatic decline in sales on the housing construction market in the fourth quarter of 2015.
The information, published by Rosreestr, shows a sharp decrease in sales on the primary market of housing construction in the fourth quarter of 2015.
The main data, depicting information on the number of registered agreements of participation on a share basis in the 4th quarter of 2014, are presented in Table1.
The downward dynamics in the 4th quarter of 2015 as compared with the same period in 2014.
Table 1
|
4th quarter of 2014 |
4th quarter of 2015 |
dynamics, % |
Registered agreements on all types of premises construction co-funding |
287 236 |
186 662 |
-35 |
Registered agreements on housing construction co-funding |
277 161 |
171 558 |
-38.1 |
…including borrowed finance and special-purpose loan attraction |
68 189 |
66 697 |
-2.2 |
Registered ownership rights of a participant of multi-storey housing construction on a share basis |
145 340 |
151 737 |
4.4 |
Source: Housing Industry Development Institute
On the whole, the data for 2015 are better, but they also offer evidence of a serious crisis (see Table 2).
The downward dynamics in 2015 compared with 2014
Table 2
|
2014 |
2015 |
dynamics % |
Registered agreements on all types of premises construction co-funding |
846 753 |
679 197 |
-19.8 |
Registered agreements on housing construction co-funding |
740 574 |
623 453 |
-15.8 |
…including borrowed finance and special-purpose loan attraction |
215 151 |
199 552 |
-7.3 |
Registered ownership rights of a participant of multi-storey housing construction on a share basis |
505 964 |
544 849 |
7.7 |
Source: Housing Industry Development Institute
The experts from the Housing Industry Development Institute point out the sharp growth in the share of mortgage loan deals. In the fourth quarter of 2015, the share of such deals was 40% as compared with 23% in the fourth quarter of the previous year.
According to the specialists, this confirms the high efficiency of the mortgage loan state support program.
Adapted from the information by the Housing Industry Development Institute