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Housing Construction Market in the Russian Federation: Current Status and Development Prospects

https://doi.org/10.32609/0042-8736-2013-3-109-125

Abstract

The authors analyze peculiarities of the housing construction market in modern Russia, incentives of actors in such markets. The efficiency of the existing state regulation is being assessed. The authors conclude that housing constructionsector is characterized by serious deficiencies and ineffective regulation. The key parameters of the housing construction market do not meet the needs of the economy and the Russian society.

About the Authors

N. Kosareva
Institute for Urban Economics (Moscow, Russia); National Research University Higher School of Economics (Moscow, Russia)
Russian Federation


T. Polidi
Institute for Urban Economics (Moscow, Russia); National Research University Higher School of Economics (Moscow, Russia)
Russian Federation


A. Puzanov
Institute for Urban Economics (Moscow, Russia); National Research University Higher School of Economics (Moscow, Russia)
Russian Federation


References

1. Bandorin L., Kosareva N., Polidi T., Fadeev V., Kholopik K. (2012). Monitoring of Administrative Barriers in Housing Construction in Russia. Moscow: National Union of Builders (NOSTROY).

2. Bofill R., Soloshchansky O. (2011). Architectural Design and Construction of Social Housing. Moscow: UP-Print.

3. Yasin Ye. (2006). Political Economy of Reforms in ZHKKh. Moscow: Foundation “Liberal Mission”.

4. Barker K. (2004). Review of Housing Supply. Delivering Stability: Securing Our Future Housing Needs. Final Report — Recommendations. L.: HMSO.

5. Green R., Malpezzi S., Mayo S. (2005). Metropolitan-Specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources // AEA Papers and Proceedings. Vol. 95, No 2.

6. Kosareva N., Tumanov A. (2012). The Housing Market in Russia: Lessons of the Mortgage Crisis // Global Housing Markets: Сrises, Policies, and Institutions / A. Bardhan, R. Edelstein, C. Kroll (eds.). Ch. 9. Hoboken, NJ: Wiley.

7. Kosareva N., Puzanov A. (2012). Urban Development and Town Planning Policy in Modern Russia // ISOCARP Review. Fast Forward: City Planning in a Hyper Dynamic Age / Shi Nan, Ch. Gossop (eds.).

8. Housing Industry Association (2002). On the Competition Policy Provisions of the Trade Practices Act, 1975.

9. Deloitte (2004). Staying Competitive in Today’s Homebuilding Industry. U.S. Home-builder Survey / Deloitte, McGraw-Hill Construction.


Review

For citations:


Kosareva N., Polidi T., Puzanov A. Housing Construction Market in the Russian Federation: Current Status and Development Prospects. Voprosy Ekonomiki. 2013;(3):109-125. (In Russ.) https://doi.org/10.32609/0042-8736-2013-3-109-125

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ISSN 0042-8736 (Print)