Development business in the new economic reality: problems and prospects
Abstract. The sanctions have had a negative impact on the construction industry. Many researchers and practitioners began to study this issue. They are particularly closely examining the impact of sanctions on the development business and the level of its profitability. The article investigates system problems. The possibilities of solving problems are also being considered at the present time. Special attention is paid to new, rehabilitation problems that negatively affect the economy of projects in the housing segment. The authors outlined a development vector of the industry without imported construction materials and equipment, with a reduction in the consumer demand and a lack of access to cheap funding for development projects.
Keywords: sanctions, development business, project financing, housing market, digitalization, labor productivity
Highlights:
♦ the analysis of the systemic problems of the construction industry and development business is carried out; these problems are formed by internal and external factors;
♦ the place of the construction industry is marked relatively according to the economic indicators;
♦ the consequences of the impact of new problems on the development business are listed.
Valentina N. Berdnikova -State Budgetary Institution of Krasnodar Region «Regional the Bureau of Technical Inventory», Krasnodar, Russia; Natalia A. Goncharova, Alexey S. Afanasiev - Bratsk State University, Bratsk, Russia