Abstract
The paper is devoted to the problem of assessing the impact of market deformations on the competitive environment of the housing investment market. The main types of deformations inherent to the market under study and negatively affecting the development of favorable competitive environment have been identified and analyzed. The strongest factor influencing the competitive environment is the imperfect market structure constraining the development of favorable competitive environment and leading to imbalance in the economic interests of developers, housing consumers and public authorities.
Highlights
In the Concept of Social and Economic Development of Russia, the standards of human well-being are established as the main targets - by 2020 the level of incomes and the quality of life of the population of Russia must reach the indicators characteristic for the economies of developed countries, for example, the average level of housing provision is to be 30 square meters per person or about 100 square meters per the average family; the share of the population living in places with an unfavorable environmental situation should decrease to 14% [1]
On the type of a market structure, the primary housing market is oligopolistic because of the limited number of sellers, where three or four large construction companies dominate the market, which determine the dynamics and structure of supply, price and technical policy [2]. These features of the housing investment market complicate the development of a competitive environment, so at this stage, it is important to identify the reasons that affect the development of the competitive market environment
If in the initial phase of the crisis the housing investment market shows rapid growth, in the post-crisis phase there is obviously a lagging recovery. This can be seen from the data in the table referring to the comparison of the main indicators of the economic dynamics of Russia and the housing market [10, 11]
Summary
In the Concept of Social and Economic Development of Russia, the standards of human well-being are established as the main targets - by 2020 the level of incomes and the quality of life of the population of Russia must reach the indicators characteristic for the economies of developed countries, for example, the average level of housing provision is to be 30 square meters per person or about 100 square meters per the average family; the share of the population living in places with an unfavorable environmental situation should decrease to 14% [1]. On the type of a market structure, the primary housing market is oligopolistic because of the limited number of sellers, where three or four large construction companies dominate the market, which determine the dynamics and structure of supply, price and technical policy [2]. These features of the housing investment market complicate the development of a competitive environment, so at this stage, it is important to identify the reasons that affect the development of the competitive market environment. For example, in 2018 just one developer was involved in the program in the Moscow region, one developer in the Leningrad region, and the number of developers in other regions is represented in the Figure 1
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
