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Analysis of the impact of sanctions on housing construction
[Анализ Влияния Санкций На Сферу Жилищного Строительства]

Author

Listed:
  • Ponomareva, Ekaterina (Пономарева, Екатерина)

    (The Russian Presidential Academy of National Economy and Public Administration)

  • Dergachev, Aleksander (Дергачев, Александр)

    (The Russian Presidential Academy of National Economy and Public Administration)

  • Kaukin, Andrei (Каукин, Андрей)

    (The Russian Presidential Academy of National Economy and Public Administration)

  • Kosiakina, Anastasia (Косякина, Анастасия)

    (The Russian Presidential Academy of National Economy and Public Administration)

  • Filippov, Dmitriy (Филиппов, Дмитрий)

    (The Russian Presidential Academy of National Economy and Public Administration)

Abstract

The object of the study is the economic and financial performance of companies in the construction industry in conditions of macroeconomic instability and sanctions pressure. The purpose of the study is to develop practical recommendations on the volume and time horizon of support for the construction industry in order to overcome the negative consequences of economic sanctions in 2022. The method or methodology of the research includes statistical and econometric analysis of the results of the construction industry, systematisation of the international experience of supporting the construction industry in conditions of macroeconomic instability. The results of the study can be used to form new tools for monitoring and support of the construction industry in the conditions of reduced solvent demand for primary housing and deteriorating financial stability indicators of developers. Since 2020, the main support measure has been the implementation of a preferential mortgage program, which significantly stimulates the demand for primary housing. However, by the end of 2021 this led to an increase in prices: on average in Russia the cost of 1 sq. m. m in the primary housing market from the 1st quarter of 2020 to the 1st quarter of 2022 increased by more than 1.5 times (for the same period of 2018-2020, the growth rate was about 21%). Reduction of solvent demand will lead to deterioration of developers' financial sustainability indicators, and therefore requires the development of new tools to support the industry. The analysis showed that from 2018-2019. the structure and quantitative influence of individual factors of company bankruptcy have changed: factors characterizing the volume of cash receipts began to have a greater influence

Suggested Citation

  • Ponomareva, Ekaterina (Пономарева, Екатерина) & Dergachev, Aleksander (Дергачев, Александр) & Kaukin, Andrei (Каукин, Андрей) & Kosiakina, Anastasia (Косякина, Анастасия) & Filippov, Dmitriy (Филиппов, 2023. "Analysis of the impact of sanctions on housing construction [Анализ Влияния Санкций На Сферу Жилищного Строительства]," Working Papers w202300, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:w202300
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