STRATEGY OF FORMATION OF THE MORTGAGE MARKET IN RUSSIA
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STRATEGY OF FORMATION OF THE MORTGAGE MARKET IN RUSSIA
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S042473880000616-6-1
Publication type
Article
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Published
Edition
Pages
3-22
Abstract
Developed a strategy to create a mortgage market in Russia based on the transplantation of a modified institution of savings banks (SSK) and the management of its evolution. The rationality of the proposed solution is confirmed by an analysis of the development of mortgage institutions in advanced countries, a comparison of the results obtained in Eastern Europe and Russia, as well as model calculations. It is shown that the premium on savings under the SSC is a more effective method of subsidizing the purchase of housing than subsidizing the initial payment under a Bank mortgage.
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Date of publication
01.10.2007
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2734
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