Development as the main factor in the development of the real estate market

In the article the authors describe the results of the study of development based on open sources of information. It is determined that development is the economic basis of the development of the domestic real estate market, creates a competitive environment on the housing market and ensures the effective management of its facilities in the region. Effective development is the economic basis of development of the domestic housing market. The authors believe that the housing policy of the region implies purposeful activity of authorities on the formation and implementation of socio-economic potential of the real estate market. Regional housing policy involves the implementation of a system of measures of the authorities in managing the housing sector and the regulation of social and economic relations of constituent entities of the housing market. It was concluded that existing housing policy depends on the state and prospect of development of the real estate market. The authors identified features of the formation of the goals and objectives of an effective development in the domestic real estate market, as well as the formation and implementation of regional housing policy.