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Emerging trends in the construction market under increasing sanctions pressure

https://doi.org/10.22227/1997-0935.2023.12.2025-2036

Abstract

Introduction. The geopolitical and economic agenda for Russia’s economic sovereignty has required significant changes in the modes of production and, consequently, in the economic environment. The construction market is an extremely important and integral part of it in the conditions of increasing sanctions pressure. The analysis of the SMO period has convincingly proved the viability of market rules of business turnover in the investment and construction sector. None of its segments turned out to be in crisis and depression.

Materials and methods. Business activity grew frontally. Meanwhile, the observed time compression of the emergence of new growing external challenges, which revealed and made it possible to identify latent processes slowing down the modernization of the construction industry, prompted the authors to change the generally accepted perspective of studying the construction market from the use of the method of decomposition of its segments to the implementation of the methodological approach of “time management in restructured space” in order to complement the megapolis concept of settlement with the strategy of accelerated development of territories in the points and corridors of economic.

Results. The synthesized objectives of total acceleration of territorial, project, subject and resource maneuvering allowed to identify goals and objectives of transformation of commodity-money relations emerging within the construction market in the context of the selected types of capital construction. In this context, the authors have identified and disclosed the content of the following tasks of construction market development: providing spatial and temporal maneuverability of production capacities of market entities; synchronization and scaling of investment and construction processes; reshoring and technological import substitution; unfinished construction liquidation; supporting development rates of socially-oriented segment of construction market. Solving these tasks will require territorial, project, subject and resource front-end maneuvering. As practice has shown, this is impossible without institutionalization of a new toolkit of spatial-territorial development. Its goal is to fully realize the country’s geospatial advantage by mitigating the risks of the megacity concept of settlement, while simultaneously developing territories not only at points, but also along major spatial corridors of economic growth.

Conclusions. The article took into account approaches to accelerate the commissioning of various types of capital construction projects, which allowed the study to identify the directions of improving market mechanisms across different ССP. The unity of different directions is ensured by preventive methods of avoiding the conflict of economic interests, and the resolution of inevitably arising contradictions of development is proposed using methods of extrajudicial resolution of economic disputes, based on the use of spatial-territorial, legal, judicial, cost, construction and technical, environmental expertise.

About the Authors

N. Yu. Yaskova
Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Russian Federation

Natalia Yu. Yaskova — Doctor of Economics, Professor, Head of the Department of Investment and Construction Business and Real Estate Management

82 Vernadsky avenue, Moscow, 119571

ID RSCI: 490267, Scopus: 56209112800, ResearcherID: O-7581-2018



L. I. Zaitseva
Russian Presidential Academy of National Economy and Public Administration (RANEPA); Arbitration Court of the Moscow District
Russian Federation

Larisa I. Zaitseva — Candidate of Legal Sciences, Associate Professor of the Department of Investment and Construction Business and Real Estate Management; Head of the Department for Generalization of Judicial Practice, Accounting and Statistics

82 Vernadsky avenue, Moscow, 119571
9 Seleznevskaya st., GSP-4, Moscow, 127994

ID RSCI: 1027747, Scopus: 57194457897, ResearcherID: Р-9941-2019



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Review

For citations:


Yaskova N.Yu., Zaitseva L.I. Emerging trends in the construction market under increasing sanctions pressure. Vestnik MGSU. 2023;18(12):2025-2036. (In Russ.) https://doi.org/10.22227/1997-0935.2023.12.2025-2036

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ISSN 1997-0935 (Print)
ISSN 2304-6600 (Online)