Mechanisms for institutional regulation of the residential real estate sector in Namangan region
DOI:
https://doi.org/10.5281/zenodo.20695489Abstract
This article provides a comprehensive analysis of the theoretical and practical aspects of the mechanisms
of institutional regulation of the residential real estate sector in Namangan region. The study studies the relationship
between the territorial characteristics of the construction sector and the development of the housing market, investment
flows, the institutional environment and regulatory instruments on a scientific basis. It also assesses the effectiveness
of state policy, the land allocation system, mortgage mechanisms and infrastructure development in the residential real
estate sector. Based on empirical analysis, differences in capital concentration, imbalances and levels of development
across regions are identified. As a result of the study, scientifically based proposals and practical recommendations
are developed aimed at institutionally improving the residential real estate sector. This approach is of great importance
in ensuring the sustainable development of the construction sector in the regional economy and reducing territorial
imbalances.
Keywords
residential real estate, institutional mechanism, construction sector, regional development, investment flows, mortgage system, land resources, imbalance, capital concentration, spatial economy, regional policy.References
World Bank. (2017). Housing: Unleashing the Potential of the Housing Sector for Economic Growth.
UN-Habitat. (2020). World Cities Report 2020: The Value of Sustainable Urbanization.
OECD. (2021). Brick by Brick: Building Better Housing Policies.
Decree of the President of the Republic of Uzbekistan No. PF-70 dated April 30, 2024 «On additional measures to
improve the mechanisms for allocating mortgage loans in 2024 and improve the housing conditions of the population»
North, DC (1990). Institutions, Institutional Change and Economic Performance. Cambridge University Press.
Coase, RH (1960). The problem of social costs. Journal of Law and Economics, 3, 1–44.
Williamson, OE (1985). The Economic Institutions of Capitalism. Free Press.
Alonso, W. (1964). Location and Land Use: Toward a General Theory of Land Rent. Harvard University Press.
Glaeser, EL, & Gyourko, J. (2003). The impact of building restrictions on housing affordability. Federal Reserve Bank
of New York Economic Policy Review.
Kiyotaki, N., & Moore, J. (1997). Credit cycles. Journal of Political Economy, 105(2), 211–248.
Aoki, K., Proudman, J., & Vlieghe, G. (2004). House prices, consumption, and monetary policy. Journal of Financial
Intermediation, 13(4), 414–435.
Krugman, P. (1991). Geography and Trade. MIT Press.
Anselin, L. (1988). Spatial Econometrics: Methods and Models. Kluwer Academic Publishers.
Quigley, JM (2007). Regulation and housing supply. Handbook of Regional and Urban Economics.
Fischel, WA (2001). The Homewater Hypothesis. Harvard University Press
Downloads
Published
How to Cite
Issue
Section
