G.М. Sternik, S.G. Sternik, А.V. Sviridov Developing and improving the methods for real estate market projections

Abstract: This article presents an overview and an analysis of the existed methods of real estate market development projections. The author reviews the works of Russian and foreign authors, and points out the advantages and limitations of each of the presented methods. The article traces the evolution of methods for the real property market projections, which were used in Russian Federation from 1996 to present day, focusing attention on the newest, most potent method, which is based on imitational modular iteration feedback model. The results of testing and retrospective experimentation with this method confirm its viability. The author presents a number of calculus experiments on the influence of macroeconomic and industry-based parameters on the market, which conform the viability of this method to validate target capacities for bringing housing into operation.

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