Strategic management during the contingency period in the regional real estate market

Abstract

This research article discusses national and regional strategic instruments to counteract the contingency period in the real estate market. A contingency period refers to a period of unreasonable price increases in the market, characterized by excessive investment due to long-term speculative expectations of investors. The aim of the study is to identify the most effective strategic means of counteracting various phases of the contingency period in the regional real estate market. The theoretical basis of the article is primarily strategy theory and strategizing methodology of Doctor of Economics, Professor V. L. Kvint. As a result of the analysis of possible national and regional strategic decisions affecting the real estate market during the contingency period, the most effective in the author’s opinion were selected. The arguments presented in the article underscore the need to establish effective systems for identifying signs of the occurrence of the contingency period, as well as for evaluating different scenarios of the functioning of the economic system during that period and for exiting from it.

Keywords

• contingency period
• strategizing
• globalization
• exit strategy
• strategic priorities