This paper establishes a general model to explore the mechanism through which bank competition affects real estate market and consumer welfare. The model combines three sections, including a representative consumer, an oligopoly real estate industry, and a banking industry. It predicts that...

In Q2 2013, the monthly weighted average interest rate on ruble-denominated housing mortgage loans was no longer on the rise, after a more than year-long period of growth: the interest rate for June was 12.6% against its record high of 12.9% in March 2013. The volume of housing mortgage lending...

In the first five months of 2013, 270108 mortgage housing loans (MHL) for the amount of Rb 435,071 bn were granted which is 12.41% and 24.86% higher than in 2012 as regards the number of the loans and their value in monetary terms, respectively. As of June 1, 2013, the outstanding debt on MHL...

In Q2 2015, housing mortgage loans (HML) totaling to Rb 242.53bn were originated which was 44.23% lower than the same index for Q2 2014. The volume of residual debt on HML as of 1 July 2015 constituted Rb 3.608 trillion. The share the ruble stale debt on HML in the residual debt came to 0.98% as...

Within the first five months of 2015, a decrease in the volume of mortgage housing lending (MHL) as compared to the respective period of 2014 amounted to 38.34% and 40.96% in quantitative and monetary terms, respectively. Within the above period, Rb 372,754bn worth of 228,230 MHL was extended....

Over 10 months of 2015, entities of all patterns of ownership have built 792,000 flats with total floor space of 58.9 million sq. m., which climbed to 104.2% of floor area commissioned as of 1 November 2014. For the category “all flats” the rate of accessibility decreased in 2015 on the...

This research study critically analysed the existing literature on municipal awareness relevancy of Municipal councils' service delivery for the purpose of enhancing citizen satisfaction. The purpose of the study is the investigation of citizen satisfaction level of municipal services. Analysis...

Mortgage counseling is regarded as an integral tool in ensuring appropriate choices by prospective home buyers. We use micro-level data from an urban voluntary counseling program aimed at disadvantaged households to assess its effectiveness. We find substantially lower expost delinquency rates...

Although the internal rate of return (IRR) represents the most widely used measure of performance, some controversy issues about its interpretation as real estate funds performance ratio, are here debated. The aim of the paper is to review these issues and, at the same time, to suggest some IRR...

The aim of the paper is an investigation on the reliability of historical returns for the Italian property market, where the quality of information seems not standardized. In Italy, such as for many other countries, the returns' indices for direct markets are provided by several sources that...