Elena Gafarova

Narkas Khairullina

Railya Bahitova

The authors analyze the construction of empirical econometric model of the infl uence of retail commodity turnover and the monetary income of the population on dynamics of investments into the commercial real estate. Econometric research is based on the principles of the Engle–Granger co-integration analysis. The model allows to draw a conclusion that change in investments substantially depends on the conditions in trade, both – in the short- and long-term plan.