Стратегия формирования ипотечного рынка в России

A Strategy for Building Mortgage Market in Russia

Victor Polterovich and Oleg Starkov
Authors registered in the RePEc Author Service: Виктор Меерович Полтерович

MPRA Paper from University Library of Munich, Germany

Abstract: We develop a strategy for building mass mortgage financing in Russia based on the transplantation of a modified institution of Contractual Savings for Housing (CSH) and on the control upon its evolution. Rationality of the proposed decision is justified by analysis of mortgage institutions development in advanced economies, comparisons of results achieved by East European countries and Russia, as well as modeling calculations. We show that state premium on savings in CSH is a more efficient way to subsidize the purchase of housing than subsidies of down payments in banks.

Keywords: mortgage markets; transition economies; Russia (search for similar items in EconPapers)
JEL-codes: G21 P20 (search for similar items in EconPapers)
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Economics and Mathematical Methods / Ekonomika i matematicheskie metody 4.43(2007): pp. 3-22

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