Government stimulation of supply and demand in housing markets: economic consepts and emrical results of foreign experience

Based on the foreign countries experience the institutional and financial mechanisms of the state that affect the real estate market in various phases of the economic cycle are considered. The practical results of government support measures are presented. The factors determining the failures of economic regulation of housing policy are considered. It is concluded that the characteristics and dynamics of national housing real estate markets reflect the choice and country-specific instruments of government influence and its institutions on housing construction opportunities, the practice of providing housing subsidies and the level of availability of mortgage loans availability.