Specifics of private investment in residential real estate in Russia
https://doi.org/10.21285/2227-2917-2022-4-501-511
Abstract
The paper aims to identify problems associated with the assessment of residential real estate for private investors, as well as to define and characterize a private investor. A decision-making algorithm for private investors in residential real estate is presented, which allows individual characteristics of the investor to be taken into account. With the help of this algorithm, private investors can independently assess residential real estate for personal purposes. The proposed algorithm provides the basis for building a financial model of private investment in residential real estate. The study tested this algorithm, presenting a specific example of residential real estate assessment for investment purposes. The calculation results show the effectiveness of the proposed procedure in understanding investors’ interests in the residential real estate market. Moreover, the presented procedure can be easily digitized, thus allowing an unqualified private investor to use it as a practical guide in the assessment of residential real estate investment properties. In digital form, the proposed algorithm can be used as a smartphone application.
About the Authors
E. Yu. Paveleva
1Saint Petersburg State University of Economics
Russian Federation
Russian Federation
Ella Yu. Paveleva, Intern of the Finance Department
21 Sadovaya St., Saint Petersburg 191023
N. Yu. Puzynya
Saint Petersburg State University of Economics
Russian Federation
Russian Federation
Natalia Yu. Puzynya, Cand. Sci. (Econ.), Associate Professor, Associate Professor of the Department of Finance
21 Sadovaya St., Saint Petersburg 191023
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Review
For citations:
Paveleva E.Yu., Puzynya N.Yu. Specifics of private investment in residential real estate in Russia. Izvestiya vuzov. Investitsii. Stroitelstvo. Nedvizhimost. 2022;12(4):501-511. (In Russ.) https://doi.org/10.21285/2227-2917-2022-4-501-511
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