Content and boundaries of the primary real estate market as an object of statistical research
https://doi.org/10.21686/2500-3925-2019-1-41-56
Abstract
The primary real estate market is one of the youngest segments of the market economy in modern Russia. If the genesis of the modern secondary market was observed in the pre-reform period: barter relations in terms of urban housing, the purchase and sale of suburban areas were freely carried out, small suburban real estate, garage buildings, etc., the real market relations with the relevant legal framework in terms of ownership rights in the primary market became possible only with the change of economic formation. All participants in the rapidly emerging primary real estate market quickly became familiar with pricing, market conditions, utility criteria and many other parameters inherent in this market segment. However, issues of managing business processes on the primary market of real estate, including a balance of opportunities for sellers and customer needs, pricing, adequate information support to all management levels, still are a problem and remain open.
Purpose. The relevance and social need for statistical study of the primary real estate market determined the purpose of scientific work as a clarification of the nature, content, boundaries and participants of the market in order to improve and develop statistical methodology.
Materials and methods. To make the research and form the adequate conclusions when writing a scientific paper, the extensive material of theoretical, methodological and applied nature was used, the authors of which are both domestic and foreign scientists in the field of statistics, management, investment, marketing and technical sciences. The paper uses a wide range of general scientific methods of knowledge, the use of which together allowed to abstract from the non-essential aspects and mutually reinforcing factors that do not ultimately have a tangible impact on the state and dynamics of the primary real estate market - methods of abstraction and idealization; moving from the general laws of the real estate market, to form private conclusions concerning the segments and even objects of the primary real estate market as an object of statistical research – the method of deduction; to comprehend the object as a whole and at the same time as an interconnected mechanism represented by all its structural components – methods of analysis and synthesis; to conduct a comparative analysis of objects and identify possible vectors of the market development – methods of analogy and mental-symbolic modeling.
Results. Qualitative analysis allowed to determine the place and importance of the primary real estate market in the entire system of multi-market economy; to identify the life cycle of the objects of the market and on their basis to structure it; to identify the factors of development of the primary real estate market, quantitative assessment of the impact of which will be subsequently given on the basis of regression analysis; to summarize the set of risks that determine the diverse variation of the primary real estate market. The development of statistical methodology for the study of the primary real estate market can be based only on a clear understanding of the nature and internal content of the studied object. At the same time, so sensitive to the market and general economic situation in the country and each region, the market is constantly changing: it does not have a stationary point. Therefore, it is necessary not only quantitative analysis of the object on the basis of statistical methods, but also continuous monitoring of all economic phenomena that contribute to the modification of the primary real estate market.
About the Authors
Dmitry V. DianovRussian Federation
Dr. Sci. (Economics), Professor, Professor of the Department of Economic Security, Finance and Economic Analysis
Pavel A. Smelov
Russian Federation
Cand. Sci. (Economics), Associate Professor, Director of Center of Statistics and Data science
References
1. Unterberg E. Pravoustanavlivayushchiye dokumenty na ob”yekty nedvizhimosti = Title documents on real estate objects. Moscow: Moscow Financial and Industrial Academy; 2012. 176 p. (In Russ.)
2. Sternik G.M., Poplevina D.V. Methodology for assessing the average market return on real estate investments. Imushchestvennyye otnosheniya v Rossiyskoy Federatsii = Property relations in the Russian Federation. 2015; 8 (167). (In Russ.)
3. Fomenko A.N. Market Extraction Method and Tool for Analysis of Real and Nominal Rates, Risks of Investments. Voprosy otsenki = Evaluation questions. 2016; 3: 30–37. (In Russ.)
4. Sergeyev A.S. Organization of assessment and monitoring of the value of collateral: risk minimization. Upravleniye v kreditnoy organizatsii = Management in a credit institution. 2014; 2: 83–90. (In Russ.)
5. TSaturyan E. A. Challenging the cadastral value of real estate: the taxpayer’s arguments. Bukhuchet v stroitel’nykh organizatsiyakh = Accounting in construction organizations. 2015; 8. (In Russ.)
6. Finansovyy menedzhment v upravlenii kommercheskoy nedvizhimost’yu. Uchebnik / Talonov A.V. = Financial management in the management of commercial real estate. Textbook / Talonov A.V. Moscow: KnoRus; 2018. 232 p. (In Russ.)
7. Bazhenov V.I., Ustyuzhanin A.V. Evaluation of long-term investment projects with energy-efficient solutions based on the life-cycle costs indicator. Vestnik MGSU = Bulletin of MSUCE. 2015; 9. (In Russ.)
8. gks.ru [Internet] Available from: http://www. gks.ru/bgd/regl/b14_14p/IssWWW.exe/Stg/d01/04- 28.htm (In Russ.)
9. Maksimova A.G. Comparative analysis of the legal regulation of real estate taxation of individuals in the Russian Federation and abroad (on the example of Great Britain and Germany). Aktual’nyye problemy rossiyskogo prava = Actual problems of Russian law. 2014; 3: 363–367. (In Russ.)
10. Gafiyatova T.P., Lebedeva O.I. On some features of the modern real estate market. Problemy sovremennoy ekonomiki = Problems of the modern economy. 2012; 1: 298–302. (In Russ.)
11. Aksenov A.P. Ekonomika predpriyatiya = Enterprise economy. Moscow: Knorus; 2014. 352 p. (In Russ.)
12. Asaul A. N., Gordeyev D.A., Ushakova E.I. Razvitiye rynka zhiloy nedvizhimosti kak samoorganizuyushcheysya sistemy = The development of the residential real estate market as a self-organizing system. Ed. A.N. Asaula. Saint Petersburg: GASU. 2016. 334 p. (In Russ.)
13. Dianov D.V., Muzalev S., Shpakovskaia E., Savin A., Savin I. Dynamic analysis of loss-making organizations in the region based on statistical methods. International Journal of Pure and Applied Mathematics. 2018; 119; 17d: 1411–1415.
14. Sternik G.M. Sistemnyy podkhod k analizu rynka nedvizhimosti = System approach to the analysis of the real estate market. Certification; 2000 [Internet] Available from: http://realtymarket.ru/metodi-eskie-materiali/-sistemnii-podhod-k-analizu-rinka-nedvijimosti-Sternik-G.M.. html. (In Russ.)
15. Slutskiy A.A. Estimation for crediting: essence, problems and ways of their decision.. Imushchestvennyye otnosheniya v RF = Property relations in the Russian Federation. 2012; 2: 41–53. (In Russ.)
16. Grinev V. P. Bezopasnost’ i samoregulirovaniye v stroitel’stve: novoye v poryadke dopuska k rabotam, vliyayushchim na bezopasnost’ ob”yektov kapital’nogo stroitel’stva; analiz stanovleniya i razvitiya instituta samoregulirovaniya. Katalog uchebnoy literatury dlya tekhnicheskikh spetsial’nostey. = Security and Self-Regulation in Construction: New in the Order of Admission to Works Influencing the Safety of Capital Construction Objects; analysis of the formation and development of the institution of self-regulation. Catalog of textbooks for technical specialties. Moscow: INFRA-M; 2015: 96. (In Russ.)
17. Dement’yeva M.E. Methodology of decision making in the operation of real estate objects. Vestnik MGSU = Bulletin of MSUCE. 2015; 4. (In Russ.)
18. Lipski S.A. Nedvizhimost’ kak ob”yekt gosudarstvennogo upravleniya v sovremennoy Rossii: monografiya = Real estate as an object of government in modern Russia: a monograph. Moscow: Rusayns; 2018. 216 p. (In Russ.)
19. Kolevid T.K. Razvivayem territorii i upravlyayem nedvizhimost’yu = We develop the territory and manage real estate. Moscow: Rusayns; 2018. 128 p. (In Russ.)
20. Gayfulin N.V. Current trends in consumption of fixed capital. Ekonomika, statistika i informatika. Vestnik UMO = Economics, statistics and computer science. Bulletin of UMO. 2014; 6: 60– 64. (In Russ.)
21. Goremykin. V. A. Ekonomika nedvizhimosti v 2 t. T. 2. Rynok zemel’nykh uchastkov i upravleniye nedvizhimost’yu: uchebnik dlya akademicheskogo bakalavriata. 8-e izd., pererab. i dop. = Real Estate Economics. Vol. 2. Land Market and Real Estate Management: A Textbook for Academic Baccalaureate. 8th ed. Moscow: Yurayt Publishing House; 2016. 537 p. (In Russ.)
Review
For citations:
Dianov D.V., Smelov P.A. Content and boundaries of the primary real estate market as an object of statistical research. Statistics and Economics. 2019;16(1):41-56. (In Russ.) https://doi.org/10.21686/2500-3925-2019-1-41-56