Template-Type: ReDIF-Paper 1.0
Author-Name: Sergey Drobyshevsky
Author-Name-First: Sergey
Author-Name-Last: Drobyshevsky
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Elena Pikulina
Author-Name-First: Elena 
Author-Name-Last: Pikulina
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Analysis of Potential “Bubble” on Russia’s Real Estate Market
Abstract:The authors have estimated housing supply equation where significant factors proved to be price change on   residential property and on installation and construction works. Significance of these variables and expected values testify that the construction companies may adequately react to the market signal. It is worth noting that  the authors rejected a hypothesis that such variables as the share of investments in residential (nonresidential) construction can reflect expected yield on the investment in various building sectors It is possible that this is connected with the fact that in part of the regions the share of investments in certain types of construction at the given stage was exogenous value, for example, due to financing of any large scale projects.
Length: 12373 words
Creation-Date:  2011
Revision-Date:   2012
File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0029Drobyshevsky.pdf
File-Format: Application/pdf
File-Function: Revised version, 2012
Keywords: real estate market, housing bubble
Handle: RePEc:gai:wpaper:0029