Ensuring Sustainability of Territorial Housing Markets in a Turbulent Economy (on the Example of the Penza Region)

DOI: https://doi.org/10.33917/es-3.183.2022.110-121

The article provides a comprehensive structural analysis of ensuring stability for the territorial housing market in a turbulent economy on the example of the Penza region. The study was carried out in the following fields: structure of developers, volumes and dynamics of construction, the price range of new buildings. In addition, financial express analysis of the main developers in the region was carried out in order to identify their financial stability over the forecast horizon in the face of economic uncertainty. As a separate segment of the research, it is accepted to study dynamics of the main parameters of the mortgage territorial market as the main regulator of the housing market development. Formulated conclusions provide an opportunity to the subjects of the territorial housing market to form innovative individual corporate and government strategies of sustainable development for the short term in a turbulent economy.


1. Asaul A.N., Asaul M.A., Starinskii V.N., Shcherbina G.F. Analiz i prognozirovanie rynka [Analysis and Forecasting of the Market]. Moscow, Yurait, 2022, 296 p. (Vysshee obrazovanie).

2. Asaul A.N., Starinskii V.N., Mamedov Sh.M., Shcherbina G.F. Analiz i prognozirovanie rynochnoi kon”yunktury [Analysis and Forecasting of Market Conditions]. Saint-Petersburg, ANO “Institut problem ekonomicheskogo vozrozhdeniya”, 2018, 464 p.

3. Asaul A.N., Asaul M.A., Lyulin P.B., Chepachenko N.V. Trendy zhilishchnogo stroitel’stva v Rossii i srednesrochnyi prognoz [Housing Construction Trends in Russia and Medium-term Forecast]. Problemy prognozirovaniya, 2019, no 3, pp. 111–117.

4. Asaul A. N., Asaul M. A., Liulin P. B., Chepachenko N.V. Housing Construction in Russia: Trends and Medium-Range Forecasts. Studies on Russian Economic Development, 2019, vol. 30, N 3, pp. 313–318, DOI 10.1134/S1075700719030055.

5. Baronin S.A., Kulakov K.Yu. Genezis upravleniya stoimost’yu kontraktov zhiznennogo tsikla ob”ekta kapital’nogo stroitel’stva i stoimosti vladeniya nedvizhimost’yu [Genesis of Managing the Cost of Life Cycle Contracts for a Capital Construction Object and the Cost of Real Estate Ownership]. Nedvizhimost’: ekonomika, upravlenie, 2020, no 1, pp. 10–14.

6. Baronin S.A., Kulakov K.Yu., Timofeev K. P. Teoriya i praktika upravleniya konkurentosposobnost’yu na pervichnykh zhilishchnykh rynkakh po segment kompanii-liderov [Theory and Practice of Managing Competitiveness in Primary Housing Markets in the Segment of Leading Companies]. Penza, Penzenskii gosudarstvennyi universitet arkhitektury i stroitel’stva, 2017, 156 p.

7. Baronin S., Kulakov K. Development of life cycle valuation with priority of national projects and energy efficiency. E3S Web of Conferences. Rostov-on-Don, October 20–23, 2020. Rostov-on-Don, 2020, p. 07006, DOI 10.1051/e3sconf/202021707006.

8. Buzyrev V.V., Selyutina L.G. Zhilishchnaya problema i puti ee resheniya v sovremennykh usloviyakh [Housing Problem and Ways of Its Solution in Modern Conditions]. Saint-Petersburg, Izd-vo Sankt-Peterburgskogo gosudarstvennogo universiteta, 2013, 335 p.

JSC “Minskmetroproekt”: working by laws of strength, reliability, protection

#9. Execution Excess
JSC “Minskmetroproekt”: working by laws of strength, reliability, protection

The role of “Minskmetroproekt” in solving transport problems of the Belarusian capital is indisputable. The company became a pioneer of the new road in Minsk – underground. Today the Minsk subway carries more than a third of all the capital passengers, and by all standards, norms and parameters applied to facilities of this type, is recognized as one of the most comfortable and safest in the world. This is a kind of “ring” unifying man and the city. To avoid damaging the architectural ensemble of Minsk, tunneling and stations construction were carried out with a high degree of reliability and accuracy. There is one construction mode, characteristic for Minsk – station space zoning into transport and passengers areas. But it doesn’t level the stations architecture, on the contrary – it combines a variety of colors and interior plastic solutions. In his interview with the “ES” General Director of JSC “Minskmetroproekt”, “Man of the Year 2014” award winner Valery Chekanov told about unique, one-of-a-kind institute, which developed the projects for all currently existing lines of the Minsk subway, new lines are still being designed and put into operation on the basis of its projecting.