How will changes in legislation affect the real estate market?

Abstract

Abstract The Real Estate market is heavily influenced by internal and external factors. These factors address the negative impact on the level of market stability. In many cases, market fluctuations were largely due to the changing legislation. This makes grow demands in the housing market (the primary market) on the one hand but on the other provides a significant boost leading to high price levels of square meters. Today many people get possession of real estate due to mostly by mortgage loans and shared construction preferring house-buying at the primary market cause of lower prices especially if you buy it at the start of building construction. Recently taking into account the land fraud from the construction companies and as a result revising of shared construction of making contracts is under consideration of laws regulating and other types of financing for housing construction. The transition to the new financing for housing construction system means капитала convergence toward project financing. The real estate development will need to be financed by the Bank. That approach was expected to reduce risks for builders and owners (consumers). In the advanced world this scheme is used for a long time and allows essentially simplifying the mechanism for attracting funds for construction and reducing a need for dedicated financial resources from various-level budgets for the finalization of housing projects.