MATEC Web Conf.
Volume 251, 2018VI International Scientific Conference “Integration, Partnership and Innovation in Construction Science and Education” (IPICSE-2018)
|Number of page(s)||6|
|Section||Management in Construction|
|Published online||14 December 2018|
Development of the Institutional and Economic Mechanism for Managing the Regional Real Estate Market
Penza state university of architecture and construction, Faculty of Territory Management, Penza, Russia
1 Corresponding author: email@example.com
A detailed analysis of the concepts of “economic” and “institutional” mechanism characterizing the current stage of economic development has been conducted. The socio-economic development of the residential real estate market at the level of the Russian Federation and the Penza Region, which is a developing region, has been studied. Based on the analysis of the main economic indicators of the residential real estate market, positive and negative aspects have been revealed. A model of the institutional and economic mechanism for managing the regional real estate market has been developed. The model reveals the essence of the effectiveness of the institutional and economic mechanism showing the dependence of the effectiveness of the institutional mechanism on the behavior of the main economic agents. A set of organizational, legal and economic measures, the implementation of which on a practical level contributes to the development of the residential real estate market, has been proposed.
© The Authors, published by EDP Sciences, 2018
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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