Development of the Municipal Market of Land Plot Auctions for Housing Construction in Russia
Development of the Municipal Market of Land Plot Auctions for Housing Construction in Russia

Summary/Abstract: The article deals with relevant issues of the modern development of the Russian land market in the segment of municipal auction sales of land for housing construction. The article shows that municipalities play an important role in the Russian market of auction sales of land plots for housing construction. It presents statistics showing the current situation, characteristics and development trends of the land market for housing construction and its segment of auction sales at the level of the Russian Federation and the municipality of Penza. Elements of procedural modeling of the territorial land market for housing construction are shown, including a classification analysis of the structure of the auction sales segment of the market. Methodological proposals are formulated on modeling and forecasting growth functions of the starting auction price according to the theory of auctions in the context of the municipalities of the Russian Federation and Penza. Classification and analysis is given of key factors affecting the likelihood of sales of land plots for individual housing construction at municipal auctions in Penza, including economic and mathematical modeling. Conclusions and recommendations on the research subject are formulated.

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