Published since 1923
DOI: 10.33622/0869-7019
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  • RESEARCH AND DESIGN CENTER "CITY DEVELOPMENT" - CONSTRUCTION COMPLEX
  • Macroeconomic Factors Affecting Construction Activities In Moscow And The Implementation Of The Renovation Program
  • UDC 332.72 DOI: 10.33622/0869-7019.2020.11.49-55
    Roman R. ABYANOV, e-mail: r.abyanov@dev-city.ru
    Research and Design Center "City Development", prospekt Mira, 19, str. 3, Moscow 129090, Russian Federation, e-mail: mail@dev-city.ru
    Abstract. The article examines the impact that institutional changes in the field of construction regulation, primarily the transition to project financing and escrow accounts, as well as other macroeconomic factors have on construction activities and on the implementation of the Housing Stock Renovation Program in Moscow. The transition to project-based financing of shared-equity construction is the most significant change in the institutional and legal framework for regulating construction activities. Attention is also paid to other macroeconomic factors, such as the key rate of the Bank of Russia and the income of the population. All these aspects are analyzed taking into account the "non-system" factor, which is the global economic crisis that has had a negative impact on the Russian economy, as well as on the city's urban economy system. It is noted that in conditions of uncertainty in the economy, the importance of anti-crisis measures of the state for the construction of housing and infrastructure is growing, taking into account the impact of macroeconomic factors on the construction business, as well as the implementation of State programs in the construction sector.
    Key words: macroeconomic factors, construction, project financing, escrow accounts, key rate, housing mortgage loans, population income, Housing Stock Renovation Program in Moscow, real estate market.
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  • For citation: Abyanov R. R. Macroeconomic Factors Affecting Construction Activities in Moscow and the Implementation of the Renovation Program. Promyshlennoe i grazhdanskoe stroitel'stvo [Industrial and Civil Engineering], 2020, no. 11, pp. 49-55. (In Russian). DOI: 10.33622/0869-7019.2020.11.49-55.

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