In this article, we discuss interdependency between real estate markets and financial stability. To study this relationship, we analyze Russian banking sector real estate assets structure and observe material concentration of real estate assets on largest banks' books as well as anticipate that this may present a unique challenge for Russian banking regulator. We propose the development of system of indicators for strategic portfolio management for banking real estate and outline broad directions for further research on the subject to meet this challenge and mitigate potential risks for the banking sector.
This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
The article considers topical economic aspects of the development of the housing market as a sector of the national economy and complex socioeconomic system, specifically, financial mechanism of economic reproduction (formation of effective demand) in the housing market; expansion of economic and legal definitions of housing commissioning, improvement in housing conditions, and acquisition of dwelling, and the impact that dynamics of return on urban residential development has on sustainability of market functioning. Inferences and suggestions are formulated with respect to attainability of the national goal of an improvement in the housing situation of at least five million families annually, which was established by the May decree (ukase) of the President of the Russian Federation.
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