title: Incompleteness of information on the housing market under construction
metadata.name: dc.contributor.author
metadata.value: Tsyganov, Alexander A.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Bryzgalov, Denis V.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2022-07-08T10:11:59Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2022-07-08T10:11:59Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Tsyganov A. A., Bryzgalov D. V. (2022) Incompleteness of information on the housing market under construction. St Petersburg University Journal of Economic Studies, vol. 38, iss. 1, pp. 113– 129.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2022.105
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/37135
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article analyzes the contradictions that have developed in the modern market for shared
  construction associated with the introduction and implementation of escrow accounts. The
  regulatory system that has developed in Russia by 2020 does not solve all the problems of
  incomplete information when deciding on the purchase of housing. It is shown that the development
  of the market for housing under construction and more effective participation of
  citizens in shared construction are constrained by the incompleteness of information that
  remains in the Russian primary real estate market — an insufficient level of knowledge about
  the construction object, the existing mechanisms of financial guarantees for the fulfillment of
  obligations by developers and about credible sources of information about their activities. It
  is assumed that this “market failure” should become the subject of state regulation in terms of
  creating modern information resources and a task in the policy of increasing the financial literacy
  of the population. The presence and influence of incompleteness of information among
  citizens — potential buyers of real estate in terms of insufficient information about the object
  and possible tools for protecting investments in new construction — are proved, mechanisms
  for overcoming the incompleteness of information are proposed. It was found that in modern
  Russian conditions, the continuing incompleteness of information among buyers in the
  shared construction market, and the dominant position of developers contributes to the preservation of citizens’ distrust in equity participation instruments and prevents the achievement
  of strategic goals for the provision and affordability of housing.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 38; Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: escrow account
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: compensation fund
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: developer liability insurance
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: equity participation agreement
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: shareholder
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: incompleteness of information
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Incompleteness of information on the housing market under construction
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 05.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/37135/1/05.pdf
resources.format: Adobe PDF
resources.size: 723,58 kB