Assessing current state and prospects for housing construction development in the Far Eastern Federal District of the Russian Federation
Housing commissioning in the Far Eastern Federal District of the Russian Federation was low until 2019, which resulted in housing availability lower than the national average. The Government of the Russian Federation implemented the program on preferential mortgage lending “Far Eastern Mortgage” tha...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2024-03-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/5064 |
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| author | A. P. Alekseenko I. A. Lavrentiev N. Ye. Latysheva |
| author_facet | A. P. Alekseenko I. A. Lavrentiev N. Ye. Latysheva |
| author_sort | A. P. Alekseenko |
| collection | DOAJ |
| description | Housing commissioning in the Far Eastern Federal District of the Russian Federation was low until 2019, which resulted in housing availability lower than the national average. The Government of the Russian Federation implemented the program on preferential mortgage lending “Far Eastern Mortgage” that led to an increase in the housing availability in apartment buildings in the macro-region, purchased on credit, while stimulating price growth at a rate outpacing the increase in household incomes. The purpose of the study is to develop proposals for improving measures to support the housing construction market of apartment buildings in the Far Eastern Federal District. The data on the volume and structure of multifamily housing under construction, the main factors of construction cost formation in the macro-region have been analyzed. The mechanism of mortgage influence with state support on the supply growth has been described. It is shown that the dynamics of supply is insufficient to achieve the average Russian values on housing provision of the population, in this connection stimulation measures require improvement. The high dependence of the housing market on mortgage lending programs with state support has been revealed. Based on the comparative analysis of the Far Eastern Mortgage program with other preferential mortgage programs, the article presents proposals for improving the measures of state support for multifamily housing construction in the Far East. |
| format | Article |
| id | doaj-art-83edb23425b344dba6ea30812887678e |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2024-03-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-83edb23425b344dba6ea30812887678e2025-02-04T08:28:19ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-03-0102526510.26425/1816-4277-2024-2-52-653025Assessing current state and prospects for housing construction development in the Far Eastern Federal District of the Russian FederationA. P. Alekseenko0I. A. Lavrentiev1N. Ye. Latysheva2Eastern State Planning CenterEastern State Planning CenterEastern State Planning CenterHousing commissioning in the Far Eastern Federal District of the Russian Federation was low until 2019, which resulted in housing availability lower than the national average. The Government of the Russian Federation implemented the program on preferential mortgage lending “Far Eastern Mortgage” that led to an increase in the housing availability in apartment buildings in the macro-region, purchased on credit, while stimulating price growth at a rate outpacing the increase in household incomes. The purpose of the study is to develop proposals for improving measures to support the housing construction market of apartment buildings in the Far Eastern Federal District. The data on the volume and structure of multifamily housing under construction, the main factors of construction cost formation in the macro-region have been analyzed. The mechanism of mortgage influence with state support on the supply growth has been described. It is shown that the dynamics of supply is insufficient to achieve the average Russian values on housing provision of the population, in this connection stimulation measures require improvement. The high dependence of the housing market on mortgage lending programs with state support has been revealed. Based on the comparative analysis of the Far Eastern Mortgage program with other preferential mortgage programs, the article presents proposals for improving the measures of state support for multifamily housing construction in the Far East.https://vestnik.guu.ru/jour/article/view/5064far eastern mortgage programhousing affordabilityfar eastern federal districtsubsidized mortgagehousing construction supporthousing marketloan |
| spellingShingle | A. P. Alekseenko I. A. Lavrentiev N. Ye. Latysheva Assessing current state and prospects for housing construction development in the Far Eastern Federal District of the Russian Federation Вестник университета far eastern mortgage program housing affordability far eastern federal district subsidized mortgage housing construction support housing market loan |
| title | Assessing current state and prospects for housing construction development in the Far Eastern Federal District of the Russian Federation |
| title_full | Assessing current state and prospects for housing construction development in the Far Eastern Federal District of the Russian Federation |
| title_fullStr | Assessing current state and prospects for housing construction development in the Far Eastern Federal District of the Russian Federation |
| title_full_unstemmed | Assessing current state and prospects for housing construction development in the Far Eastern Federal District of the Russian Federation |
| title_short | Assessing current state and prospects for housing construction development in the Far Eastern Federal District of the Russian Federation |
| title_sort | assessing current state and prospects for housing construction development in the far eastern federal district of the russian federation |
| topic | far eastern mortgage program housing affordability far eastern federal district subsidized mortgage housing construction support housing market loan |
| url | https://vestnik.guu.ru/jour/article/view/5064 |
| work_keys_str_mv | AT apalekseenko assessingcurrentstateandprospectsforhousingconstructiondevelopmentinthefareasternfederaldistrictoftherussianfederation AT ialavrentiev assessingcurrentstateandprospectsforhousingconstructiondevelopmentinthefareasternfederaldistrictoftherussianfederation AT nyelatysheva assessingcurrentstateandprospectsforhousingconstructiondevelopmentinthefareasternfederaldistrictoftherussianfederation |