About the authors
| First name, Middle name, Last name, Scientific degree, Scientific rank, Current position. Full and brief name of the organization, The organization address. | Zagidullina G.M. – doctor of economical sciences, professor E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Romanova A.I. – doctor of economical sciences, professor E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Akhmerov M.R. – candidate of economical sciences, associate professor E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Murafa A.A. – post-graduate student E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Kazan State University of Architecture and Engineering The organization address: 420043, Russia, Kazan, Zelenaya st., 1 |
| Title of the article | Perspectives of developement of service market of mortgage crediting in Tatarstan Republic |
| Abstract. | Real estate investment is one of the cornerstones of modern economy. The importance of this investment market creates the obvious interest to its research, including the research of the models and methods used in large-scale development projects, as well as in individual sales. Buyback loan is a loan with repurchase capability. Car loan companies recently started to use buyback programs in Russia. A buyback program allows to make smaller monthly payments comparing to conventional loans. What are the perspectives of these programs for mortgage loans if they work successfully for car loans? At this point of time there is not a single bank in the country supporting such a program; all real estate is sold using conventional loan schemes. On the other hand, the buyback loans are often used in Western Europe and the US. What can we do to modify the program according to Russian real estate standards? This article provides the answers to aforementioned questions, explains the need to study financial mechanisms and instruments used in real estate transactions, portrays the Republic of Tatarstan mortgage loans market. We have developed a new financial instrument for mortgage loans and proved its profitability. |
| Keywords. | Mortgage, pledge of real property, mortgage lending services market, primary housing market, tenant builder, real estate developer, financial tools, buy-back transaction. |
| For citations: | Zagidullina G.M., Romanova A.I., Akhmerov M.R., Murafa A.A. Perspectives of developement of service market of mortgage crediting in Tatarstan Republic // Izvestiya KGASU. 2013. №4(26) P.296-302. |
