URBAN INSTITUTE (UI)
Tracking change in Moscow"s housing sector
This paper examines the housing sector in Moscow both over time and relative to major cities in other countries, looking at indicators that reflect the relationship between supply and demand, the affordability of housing,and the availability of housing finance, and the extent and effects of government regulation in the sector.
Daniell, Jennifer; Struyk, Raymond · 1993
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Abstract
Its objective is to place the Moscow housing market in a context readily understandable to Western housing experts and market participants. The indicators analyzed for Moscow show the continued inefficiency of a state-dominated housing sector in which housing supply and allocation decisions are not based on market principles. Significant legislation on the housing sector at the Federation level and the tremendous volume of housing privatization illustrate a definite shift toward the market. Data from 1992 reflect in part the dislocations caused by the beginning of the shift to the housing market as well as the inefficiencies of the old system. (Author abstract)
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