scholarly journals ASSESSMENT OF THE CURRENT STATE OF THE REGIONAL HOUSING MARKET IN THE CONTEXT OF THE TRANSITION TO PROJECT FINANCING OF HOUSING CONSTRUCTION

Author(s):  
K.A. Shishkina ◽  
A.V. Groo ◽  
E.V. Kashina
2018 ◽  
Vol 6 (1) ◽  
pp. 7-7
Author(s):  
Сергей Баронин ◽  
Sergey Baronin ◽  
Никита Есафьев ◽  
Nikita Esaf'ev

The article deals with the main problematic issues of replacement of equity housing construction with bank project financing. The article analyzes foreign experience of replacement of shared construction with alternative investment schemes and possibility of their application in primary housing market of Russia. The article analyzes positive results and risks of implementation of these schemes. The article analyzes the existing plan of measures to gradually replace the funds of citizens involved in the creation of apartment buildings, bank lending and other forms of financing that minimize the risk to citizens. The article states the main problematic aspects of replacement of equity construction with bank project financing. On the basis of the analysis recommendations were proposed that will reduce the risk of negative consequences on the primary housing market of Russia in the process of replacement of equity construction with bank project financing.


2021 ◽  
Vol 18 (1) ◽  
pp. 101-113
Author(s):  
Lyudmyla Alekseyenko ◽  
Oksana Tulai ◽  
Yuriy Petrushenko ◽  
Andriy Kuznietsov ◽  
Julia Derkash

The institution of home ownership provides for the functioning of affordable housing for low-income people and new groups in need of social protection, including the reintegration of migrants to new places of residence. The aim of the study is to substantiate the priorities of investments into affordable housing for internally displaced persons promoting their adaptation and social reintegration in the context of administrative-territorial decentralization.The study is based on use of empirical, economic and statistical methods, which in the process of correlation, regression and canonical analysis showed that many indicators that characterize the housing market are closely correlated with the scale and development level of administrative units in Ukraine. To characterize the state and investment attractiveness of the residential real estate market, a set of indicators was used in the modeling: population, the number of employed, household income, regional domestic product, volume of commissioned housing, construction investments, regional human development index, total housing stock, housing prices in the regions of Ukraine and Kyiv. The most significant parameter that affects the volume of housing construction is the amount of investments into per capita housing construction. The article also discusses the housing market situation, which differs in regions or some cities due to the significant differentiation of their development, which affects the ability to obtain affordable housing. The implementation of regional development programs should determine investment priorities of social protection, particularly the possibility of buy-out schemes through the mechanism of leasing of social housing by internally displaced persons. Acknowledgment This research was funded by a grant from the Ministry of Education and Science of Ukraine “Reforming the lifelong learning system in Ukraine for the prevention of the labor emigration: a coopetition model of institutional partnership” (No. 0120U102001).


2021 ◽  
Vol 22 (4) ◽  
pp. 438-458
Author(s):  
Margarita F. SAFONOVA ◽  
Yuliya V. MARCHENKO

Subject. This article discusses the issues of reflection of information on settlements with equity construction investors both on off-balance and balance sheet accounts of the developer. Objectives. The article aims to determine the extent of the transition to project financing of housing construction using escrow accounts, explore options for accounting for incoming funds of equity construction investors, and develop a methodology that helps avoid tampering with the balance sheet total of developers. Methods. For the study, we used induction, deduction, analysis, synthesis, and the calculation and graphic, monographic, and accounting and analytical methods. Results. In some cases, the findings have revealed significant discrepancies the way funds available to escrow accounts get accounted for. An analysis of the causes of these deviations confirms the need to develop an off-balance sheet accounting methodology. Conclusions and Relevance. The updated methodology is structured in such a way that the investors' funds are accounted by the developer in one account, another account is used for settlements with the equity construction investors, and the funds placed by the bank on the escrow accounts are reflected in the off-balance sheet of the developer, without misrepresenting the balance sheet total. The results can be used in the theory and practice of construction companies in the process of accounting and reporting by business entities of various forms of ownership, as well as for further scientific developments and practical applications.


2021 ◽  
Vol 19 (4) ◽  
pp. 665-692
Author(s):  
Oksana S. FAVSTRITSKAYA

Subject. This article examines the functioning of the housing market of the Far North East of Russia, and the peculiarities of housing as a commodity and object of investment. Objectives. The article aims to analyze the features of the housing market of the Russian North East regions, and their relationship with the state and prospects of the region's development. Methods. For the study, I used the methods of historical, comparative, and statistical analyses. Data visualization is presented in tabular and graphical forms. Results. The article describes the peculiarities of the housing market in the regions of the Far North East of Russia, its current state and the interdependence of the real estate market and the region's economy. The article also shows the prospects for the development of this market. Conclusions. To increase the attractiveness of housing in the Far North East of Russia as an investment destination, a high standard of living must be ensured.


2019 ◽  
Vol 265 ◽  
pp. 07035
Author(s):  
Arkady Larionov ◽  
Magomed Omarov ◽  
Ilya Kostusenko

The paper focuses on the features and specificity of the regional market of residential construction in the Moscow region. The authors claim and prove that the solution of complex modern problems of residential construction and the creation of conditions for its further development is directly related to the reasonable application of the existing repertoire of organizational and economic methods of governmental control over this national economy sector. The article represents the authors’ opinion on implementing the new laws on equity housing construction that have come into force and their consequences in terms of the well-balanced protection of the rights of citizens participating in equity construction and the economic interests of developers. A possible scenario of premature abandonment of equity construction and the transition to project financing is described.


Urban Studies ◽  
2020 ◽  
pp. 004209802094348
Author(s):  
Dayong Zhang ◽  
Qiang Ji ◽  
Wan-Li Zhao ◽  
Nicholas J Horsewood

The cross-regional dependency in the UK housing market is analysed using regional house price indices. In this article, a network approach based on partial correlations is proposed, along with rolling-window analysis to consider potential time-varying dependency. The results show that house prices in the outer South East region have the strongest influence on regional housing market interactions in the UK. This influence is stronger when the markets are highly interconnected, whereas the house prices in London have the strongest influence when the UK regional housing markets are relatively less connected.


Studia BAS ◽  
2021 ◽  
Vol 2 (66) ◽  
pp. 147-172
Author(s):  
Łukasz Strączkowski ◽  
Maciej Koszel

The article provides an overview of the housing policy in Poznań. It begins with a discussion of the importance of dwellings in contemporary society. The second section focuses on the main assumptions of the housing policy in Poland and the tools that can be used on the level of local government units. Next, the authors present the current state of the housing market in Poznań. In order to provide deeper insight, the analysis is based on data spanning over a 6-year period using both quantitative and qualitative methods. In the final two sections, the implementation of the city’s housing policy is discussed. The authors argue that the overall effects of Poznań’s housing policy are positive, but serious challenges lie ahead.


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