Abstract
The paper substantiates socio-economic importance of housing construction for the development of the Krasnodar Region, considers the pace of housing development, identifies the determinants of the housing market development in the region. The study focuses at the analyzing of the housing construction market structure and the determining of the prospects for its development in the Krasnodar Region based on the macroeconomic indicators of the socio-economic development of the region taken from official data sources. As a method for studying the determinants of the development of the housing construction market in the region, the observation and collection of factors that impact the socioeconomic characteristics of the region were used, which made it possible to identify the main groups of growth factors and containments for development of the housing construction market. For analyzing the structure of the housing construction market, measuring the rate of housing development, the state of mortgage lending, housing market price dynamics, estimating the housing stock by apartment space, distributing apartments depending on the type, technology and cost of construction, a combination of comparative and economic-statistical methods of research were used. In determining the rating of developers of the Krasnodar Region, the method of content analysis of electronic resources containing information about the most construction companies, as well as their performance indicators, was applied. The results obtained in the process of studying the structure of the housing construction market in the region can become an objective basis for determining housing development trends in the Krasnodar Region.
Highlights
The construction industry plays a significant role in the Russian economy
Housing construction In 2018, 65.8 thousand apartments with a total floor space of 4414.9 thousand square meters were commissioned in the Krasnodar region, and is compared to last year, the volume of housing commissioning decreased by 6.63% (Fig. 1, 2)
Region homebuilders rating A content analysis of electronic resources containing information about construction companies of the region showed that there were about 100 development companies operating in the Krasnodar Region in 2018, the four of which were included in the rating of the largest developers of Russia
Summary
The construction industry plays a significant role in the Russian economy. More than 50% of total investment in fixed assets comes from the construction of buildings and facilities. The industry generates 6% of total gross added value for the economy as a whole [1]. The housing construction market of the Krasnodar Region is one of the largest and most dynamically developing market in Russia. In 2018, the region accounted for about 6.0% of housing built in the country and about half of housing in the Southern Federal District [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.
