Socio-economic Aspects of Mortgage Lending for Housing Construction in Tatarstan
This article describes the problems of regulation of mortgage lending under current economic conditions. Mortgage mechanism of housing acquisition is one of the highest priorities of the market economy system, and allows to create favorable investment climate. One of the key requirements of a long-...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2016-06-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/2562 |
| _version_ | 1797908259799040000 |
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| author | Anna Ilyinichna Romanova Albina Nazipovna Afanasyeva Almaz Safiullovich Mavlyautdinov Regina Ramilevna Mukharramova Tatiana Aleksandrovna Shindina |
| author_facet | Anna Ilyinichna Romanova Albina Nazipovna Afanasyeva Almaz Safiullovich Mavlyautdinov Regina Ramilevna Mukharramova Tatiana Aleksandrovna Shindina |
| author_sort | Anna Ilyinichna Romanova |
| collection | DOAJ |
| description |
This article describes the problems of regulation of mortgage lending under current economic conditions. Mortgage mechanism of housing acquisition is one of the highest priorities of the market economy system, and allows to create favorable investment climate. One of the key requirements of a long-term mortgage lending system is to ensure the availability of mortgages for people with middle income households. The system of mortgage lending should be of market rather than of subsidized character so that it should be completely transparent and understandable to all participants of the process of mortgage lending. However, the current legal regulation of the mortgage does not allow to solve the problem of meeting the housing construction needs of a large part of the population, particularly of low-income one.
Keywords: construction, mortgage, credit, market, housing
JEL Classifications: I38, H41
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| first_indexed | 2024-04-10T10:49:54Z |
| format | Article |
| id | doaj.art-7b15540c4fe941c0b4d9a53ec812e504 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:49:54Z |
| publishDate | 2016-06-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-7b15540c4fe941c0b4d9a53ec812e5042023-02-15T16:20:09ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-06-0162SSocio-economic Aspects of Mortgage Lending for Housing Construction in TatarstanAnna Ilyinichna RomanovaAlbina Nazipovna AfanasyevaAlmaz Safiullovich MavlyautdinovRegina Ramilevna MukharramovaTatiana Aleksandrovna Shindina This article describes the problems of regulation of mortgage lending under current economic conditions. Mortgage mechanism of housing acquisition is one of the highest priorities of the market economy system, and allows to create favorable investment climate. One of the key requirements of a long-term mortgage lending system is to ensure the availability of mortgages for people with middle income households. The system of mortgage lending should be of market rather than of subsidized character so that it should be completely transparent and understandable to all participants of the process of mortgage lending. However, the current legal regulation of the mortgage does not allow to solve the problem of meeting the housing construction needs of a large part of the population, particularly of low-income one. Keywords: construction, mortgage, credit, market, housing JEL Classifications: I38, H41 https://econjournals.com/index.php/ijefi/article/view/2562 |
| spellingShingle | Anna Ilyinichna Romanova Albina Nazipovna Afanasyeva Almaz Safiullovich Mavlyautdinov Regina Ramilevna Mukharramova Tatiana Aleksandrovna Shindina Socio-economic Aspects of Mortgage Lending for Housing Construction in Tatarstan International Journal of Economics and Financial Issues |
| title | Socio-economic Aspects of Mortgage Lending for Housing Construction in Tatarstan |
| title_full | Socio-economic Aspects of Mortgage Lending for Housing Construction in Tatarstan |
| title_fullStr | Socio-economic Aspects of Mortgage Lending for Housing Construction in Tatarstan |
| title_full_unstemmed | Socio-economic Aspects of Mortgage Lending for Housing Construction in Tatarstan |
| title_short | Socio-economic Aspects of Mortgage Lending for Housing Construction in Tatarstan |
| title_sort | socio economic aspects of mortgage lending for housing construction in tatarstan |
| url | https://econjournals.com/index.php/ijefi/article/view/2562 |
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