Financial and Investment Sources of Housing Sector Development

Authors

  • Saltanat Kanapiyaevna Kondybayeva
  • Raushan Dulambayeva Tlegenovna

Keywords:

investment, housing, housing sector, state budget, housing construction, subsidizing, funding

Abstract

The problem of development of financial and investment sources of the housing sector of the Republic of Kazakhstan is examined in this article. Analysis of the current state of the housing sector in Kazakhstan by funding sources is presented and conclusions on the need of improvement of the funding mechanisms are made. Budget funds are considered as a accelerator of the financial and investment process. Dynamics of the investment to the housing occupancy construction are shown, where non-governmental financial resources remain being leaders in the financial and investment process for the past 10 years. Based on the analysis of macroeconomic indicators of socio-economic development of Kazakhstan, the justification for the implementation of systems of financing offered by Russian economists is given, which will complement the "direct" methods of housing finance.

 

References

Adilov Zh.M. Management of sustainable economic development of production (example of the construction production base): dissertation. Doctor of economic sciences ...: 08.00.05. Almaty, 1998. - 261.

Kulumbetova L.B. Stages and development trends of the housing market in Kazakhstan / / Bulletin of KazATC. - 2007. - â„– 4. - p.181-187.

Utin T.M. The housing market in the Republic of Kazakhstan: the specificity of functioning and prospects of development (example of Almaty): dissertation. Candidate of economic sciences ...: 08.00.05. - Almaty, 2004. - 133.

Bayahmetov T.B. Strategy of Development and mechanism of regulation of economic activity in the construction industry of the Republic of Kazakhstan: dissertation. ... Doctor of economic sciences: 08.00.05. - Almaty, 1998. - 241 p.

Bolatkyzy C. Formation and development of residential and commercial property in Kazakhstan: dissertation. Candidate of economic sciences... (KyzSU) named after Korkyt-Ata. - Kyzylorda, 2010.-137 p.

Ilasheva S.A. Formation of the housing market (example of Shymkent) [electronic resource]: dissertation. Candidate of economic sciences...: 08.00.05. - Shymkent, 2001. - 156c.

Zhumanazarova G.M. Prediction and evaluation of factors affecting cost of estate in the RK: dissertation. Candidate of economic sciences...: 08.00.05. - Almaty, 2009.-155 with.

Kazieva A.K. Efficiency of investment decisions in the construction industry in Kazakhstan: dissertation. Candidate of economic sciences. - Almaty, 2010. - 133.

Schokhan R. Formation and development of the housing market (example of the Karaganda region): dissertation. Candidate of economic sciences. - Karaganda, 2010. - 147 p.

Konysbaeva A.A. State of the housing market (based on the materials of Mangistau region) [electronic resource]: dissertation. Candidate of economic sciences. - Almaty, 2009. - 120.

Polyakov L.A. Multiplier theory and economic mechanism of regulation of the housing market: dissertation. Candidate of economic sciences. - Yaroslavl: YSU named after Y.G. Demidova, 2000.

Sergeev A.S. Housing Finance in Russia: dissertation. Candidate of economic sciences. - Novosibirsk, 2002.

Jenkis «Grundlagen der Wohnungsbaufinanzierung» Oldenbourg, Munchen, 1995. - S.2

Gurley, J.G. and E.S. Shaw (1967) "Financial Development and Economic Development" Economic Development and Cultural Change vol.15, no.3, April : 257-268

R. Heaney, S. Sriananthakumar Time-varying correlation between stock market returns and real estate returns / / Journal of empirical finance.-2012. - â„– 24. P.12-24

Bradley T.E., James E.P. The response of real estate investment trust returns to macroeconomic shocks / / Journal of Business Research. - 2005. - â„– 58. P. 293-300

Stanley Morgan, Cooper D., Ring A. The Improvement of National Housing System / / Deloitte Discussion Papers.-2005. - â„– 5.-R.15-19

Bradley T.E., James E.P. The response of real estate investment trust returns to macroeconomic shocks / / Journal of Business Research. - 2005. - â„– 58. P. 293-300

RK Law of 23.12.1991. On pledge.

RK Law of 10.06.1991. On investment activity.

RK Law of 23.12.1995. Number 2723 on Mortgage of immovable property.

RK Law of 25.12.1995. Number 277 On the state registration of rights to immovable property and transactions with it.

RK Law of 16.04.1997. â„– 94-1 Housing relations.

Presidential Decree of 06.09.1993. On the state program of new housing policy and its implementation mechanisms.

S.K. Kondybayeva, Zh. Sh. Ishuova. The effect of monetary policy on real house price growth in the Republic of Kazakhstan: a vector autoregression analysis / / World Applied Sciences Journal. - 2013. - â„– .22 (10).-P. 1384-1394.

Downloads

Published

2014-06-15

Issue

Section

Articles

How to Cite

Financial and Investment Sources of Housing Sector Development. (2014). Asian Journal of Humanities and Social Studies, 2(3). https://ajouronline.com/index.php/AJHSS/article/view/1324

Similar Articles

21-30 of 122

You may also start an advanced similarity search for this article.