PROSPECTS OF HOUSING REAL ESTATE MARKET DEVELOPMENT IN THE REPUBLIC OF BELARUS

Abstract

The paper considers a problem of the market relations development in the Belarusian housing area. It has been noted that the situation in transition to the market is characterized by vague notion of the State participation extent in solution of the housing problem. Thus the excessive rigidity is observed which is expressed in State intention to shift burden of responsibility for housing provision and exploitation to the forming class of housing owners. Low productivity of such actions is caused by discrepancy of basic provisions in housing reform to the national social and economic development level. The proposed housing policy strategy leans on an assessment of the State participation extent in the formation of separate market functions, i.e. reproduction (production), operation of real estate objects in the housing sphere and transfer of ownership. State participation extent is expressed in establishment of a rigid, partial regulation or assistance in formation of a market selfregulation.

Approaches of ordoliberal housing policy adapted for conditions of transition to the market are considered as basic ones for the investigation of the Belarusian housing policy. An idea about the maximum possible expansion necessity of the market housing relations under the rigid state control of activity in the market is realized in the proposed housing policy strategy. This approach has been justified by an intention to prevent possible speculations in housing, monopolization of the market from the side of large commercial structures that directly leads to aggravation of the housing problem. A special attention has been paid to a social subsystem of the market as a condition of social and economic stability of the State. The paper presents an effect calculation from introduction of the proposed housing policy strategy actions.