New Strategy of Housing Policy in Russia Prepared within the Program of Fundamental Research of HSE in 2014.
Authors:
Nadezhda B. Kosareva, President of the Institute for Urban Economics
Alexander S. Puzanov, General Director of the Institute for Urban Economics
Tatyana D. Polidi, Executive Director of the Institute for Urban Economics
Evgeniy G. Yasin, Academic Supervisor of the Higher School of Economics
The key achievements of the housing policy in 1991-2014
- The basic housing market institutions have been formed
- Housing affordability increased threefold since 2004 (27% of households can afford to buy housing with the mortgage loan)
- Housing mortgage lending market shows rapid growth rate (housing mortage loans originated in 2014 was 1 mln and housing mortgage outstatanding debt attained 5% of GDP)
- Housing construction volume is increasing (83,6 mln sq. meters in 2014 г. – twofold in comparison with 2004)
The main chalanges for housing sector development
- Increasing of economic disbalances in the investment structure in housing and utilities sectors
- Restricted opportinities of housing conditions improvement for households with defferent needs and incomes
- Evolution of consumer preferences & requrements concerning housing and urban environment
- Weak competition in housing construction
- Deep crisis in the sphere of apartment buildings management
New strategy of housing policy: goal and priorities
The key goal – improvement of the quality of housing conditions for housholds with different needs and incomes
The main strategic priorities:
- Creation of social perspectives of improving housing conditions for households with different needs and incomes, extension and differentiation of various forms of housing provision vs. only one form - the housing purchase
- Upgrading the quality of urban environment that allows to improve housing conditions and quality of people life as well vs. the priorities of housing construction growth (mostly based on the green-field development projects) and increase of housing floor space per person
Tne main strategic directions
- Supporting of the housing rental market development based on long-term landlord-tenant contracts
- Stimulating stronger competition in housing construction (eliminating curruption and excessive regulatory restrictions)
- Redevelopment of built-up areas (liquidation of dilapidated housing stock, complex redevelopment of industrial zones etc.)
- Capital repair of apartment buildings constructed in 1960-1980s
- Improvement of apartment buildings management
- Territorial differentiation and decentralization of housing policy
- Increasing efficiency of private and public expenditures in housing and utilities sectors
The presentation of Publication: New Strategy of Housing Policy in Russia (.pdf, 609Kb)
The full text: New Housing Strategy (.pdf, 606Kb)
