Abstract
The object of this research is the primary housing market related to the activities of investment and construction enterprises participating in attraction of investments based on the shared construction participation agreements for construction of multi-apartment residential blocks, as well as major trends in sphere of "distressed" objects and population. The purpose of this research is to perform complex analysis in sphere of issues in functioning of the shared construction market in relation to multi-apartment blocks, as well as to reveal major trends in the development of funding risks under shared construction participation agreements, as well as to analyze methodological issues related to the assessment of losses of deceived investing citizens. Results were obtained in major development trends of the shared construction market. Here we show the dynamics in the number of hoodwinked investors and objects, growth in the overall number of executed shared construction agreements in the all-Russian market, as well as the structure of this housing market segment pursuant to the types of executed agreements and the volume of economic losses for investors.
Highlights
In the nowadays Russia, one of the most problematic real estate markets is the market of shared construction
Theoretical and practical conclusions of the research were implemented in the activities of the Moscow Government Committee for assurance of implementation of construction investment projects and control in sphere of shared construction, International Association of Residential Construction and Mortgaging Funds (MAIF), Center of Independent Expertise of Property LLC (Moscow), as well as in the educational process for students of construction professions of the Moscow State University Of Civil Engineering (National Research University), as well as in the educational process of the Penza State University of Architecture and Construction
This way, when studying the development of the shared construction market in the Russian Federation, we have reviewed major trends on the problem development of the shared construction market in Russia
Summary
In the nowadays Russia, one of the most problematic real estate markets is the market of shared construction. In the past years their numbers have been continuously growing: from 66 thousand people in 2010 to 95 thousand people in 2012, and after a short decline in 2013-2014 that resulted in a decrease of hoodwinked investors to 60 thousand in 2014, their number has once again started growing reaching a mark of 70 thousand people by the beginning of 2017 [7]. At that, it is worth noting, that in the current economic situation in Russia, shared construction is the most affordable method for the majority of Russians to improve their housing conditions. The opposite problems are quite interesting, meaning consumer extremism in residential construction [7]
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