Housing Construction in Russia: Trends and Medium-Range Forecasts

Abstract

The article provides a comparative analysis of the growth in the volume of deliverable housing in the Russian Federation over the period of the Russian economic reforms (1991–2017), reflecting the general development trend and potential growth in the medium-range term. The factors affecting the growth of the annual volume of deliverable housing in terms of the target state housing policy are identified and systematized. The influence of these factors on the growth in the housing volume is estimated using economic and statistical modeling based on official statistical data for 1991–2016. Three forecast scenarios for the growth of annual supply of the total residential area in the Russian Federation for 2017–2023 is developed with allowance for all sources of funding.