PROJECT FINANCING HOUSING CONSTRUCTION IN RUSSIA: RESULTS AND PROSPECTS
УДК 332.834 (470)
Abstract
Housing construction is one of the main directions of the construction industry, while being a powerful driver of investment and consumer demand. It has a priority social significance and makes a significant contribution to the development of the economy.
Currently, in Russia, an increase in the volume of housing construction and the formation of an affordable housing market through the development of mortgage lending is one of the priority tasks of socio-economic development. Over the past three years, Russia has maintained a stable positive dynamics of housing commissioning. According to preliminary estimates, the targets set by the national project have been exceeded.
The article discusses the mechanism of transition of housing construction to project financing. The dynamics of opening escrow accounts in the context of Russian regions is analyzed. The assessment of the implementation of the preferential mortgage program in housing construction was carried out. The necessity of further improvement of the housing lending mechanism in modern conditions with the use of state support instruments is argued.
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