Accumulated Deficiency of Housing Investments in Russia:Threats and Prospects

Abstract

The author presents estimations of economic distortions in the Russian housing sector, which have become the result of the housing policy of the last 70 years. Such distortions are explained by the deficiency of investment required for supporting existing housing assets. The author suggests mechanisms for eliminating the gap between investment required and actual one. The study results allow justify the goal of the state housing policy in Russia and determine the optimal strategy for achieving this goal using available resources.