Abstract and keywords
Abstract (English):
The housing problem is extremely urgent for Russian citizens. This problem can be solved by mortgage lending in the market economy environment. The present research features the development of mortgage housing loans and identifies the existing problems in order to find ways to strengthen the mortgage capital market. The study is based on theoretical and methodological works on the theory of mortgage lending. It involves a comparative-historical analysis in the application to the mortgage capital market, as well as an analysis of the dynamic series based on statistical data of the Federal State Statistics Service, the Bank of Russia, and the Agency for Mortgage and Housing Crediting. The paper presents a retrospective analysis which makes it possible to conclude that, despite all the difficulties of socioeconomic development, mortgage lending has become an independent institution of the modern economic system of Russia. In conditions of economy stabilization, loans are becoming more affordable, and banks offer a variety of mortgage products on various terms. However, the position of the Russian mortgage market is still seriously inferior to that of developed countries. The authors propose several approaches to the development of the mortgage housing market, which may contribute to its further development and, thus, increase the role of mortgage in solving the housing problem, as well as construction volumes, production in related industries, and the Russian economy as a whole.

housing supply, mortgage capital market, mortgage, the history of mortgage lending in Russia, ways to strengthen the mortgage market
Publication text (PDF): Read Download

1. Goremykin V. A. Mortgage credit lending. Moscow: MGIU, 2007, 368. (In Russ.)

2. Krupin V. O. Housing mortgage in Russia: theory and practice. Moscow: Marketing, 2007, 87. (In Russ.)

3. Kosareva N. B., Kopeikin A. B., Rogozhina N. N., Sivaev D. S. Development of mortgage lending in the Russian Federation. Moscow: Delo, 2010, 256. (In Russ.)

4. Kameneckii M. I., Dontsova L. V., Pechatnikova S. M. Methodical approaches to assessing the readiness of the regions of the Russian Federation to introduce residential mortgage. Ekonomika stroitel'stva, 2006, (5): 2-16. (In Russ.)

5. Litvinova S. A. Mortgage lending: problems and solutions. Moscow; Berlin: Direkt-Media, 2015, 106 (In Russ.)

6. Nazarchuk N. P. Mortgage lending as a tool for solving housing problems in the Russian Federation. Tambov: TGTU, 2014, 151. (In Russ.)

7. Loginov M. P., Loginova O. N. Russian Mortgage Complex Development Strategy. Money and finance, 2010, (3): 44-48. (In Russ.)

8. Loginov M. P. Obtaining a synergistic effect in the system of housing mortgage lending during the economic crisis in Russia. Izvestiya Uralskogo gosudarstvennogo ekonomicheskogo universiteta, 2009, (2): 168-177. (In Russ.)

9. Merkulov V. V. World experience in residential lending and its prospects in Russia. Saint-Petersburg: Yuridicheskii tsentr Press, 2003, 358. (In Russ.)

10. Korosteleva T. S. Regional mortgage: vector of development. Regional economics: theory and practice, 2014, (42): 45-60. (In Russ.)

11. Rudakova E. M. Condition of the market mortgage crediting in the Russian Federation. Scientific bulletin of the Southern Institute of Management, 2015, (3): 56-58. (In Russ.)

12. Zaborovskaya A. E. Trends in the development of mortgage lending in Russia. Financial analytics: science and experience, 2014, (19): 29-34. (In Russ.)

13. Ershov M. V. How to make Russian mortgage market an important sector of economic growth. Nauchnye trudy volnogo ekonomicheskogo obshchestva Rossii, 2017, 207(5): 513-523. (In Russ.)

14. Tsyganov A. A. Mortgage development issues. Nauchnye trudy volnogo ekonomicheskogo obshchestva Rossii. 2017, 207(5): 540-545. (In Russ.)

15. Dekatov E. A. Mortgage-accumulative systems: practical results at the regional level and development potential on a nationwide scale. Nauchnye trudy volnogo ekonomicheskogo obshchestva Rossii. 2017, 207(5): 524-539. (In Russ.)

Login or Create
* Forgot password?