Status and Specifics of the Housing Market in the Arctic Regions of Russia

This paper aims to analyze and identify the specifics of housing industry development in the regions of the Arctic zone of the Russian Federation using methods of comparative, analysis, statistical methods of grouping indicators, the method of scoring points. In the course of the work, an analysis o...

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Main Authors: Elena E. EMELYANOVA, Anastasiya N. CHAPARGINA
Format: Article
Language:English
Published: Northern Arctic Federal University 2020-09-01
Series:Арктика и Север
Subjects:
Online Access:http://www.arcticandnorth.ru/en/article_index_years.php?ELEMENT_ID=350127
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author Elena E. EMELYANOVA
Anastasiya N. CHAPARGINA
author_facet Elena E. EMELYANOVA
Anastasiya N. CHAPARGINA
author_sort Elena E. EMELYANOVA
collection DOAJ
description This paper aims to analyze and identify the specifics of housing industry development in the regions of the Arctic zone of the Russian Federation using methods of comparative, analysis, statistical methods of grouping indicators, the method of scoring points. In the course of the work, an analysis of economic indicators of the housing market development, an assessment of the population's effective demand for housing. The main trends in the housing market development in the arctic regions were identified. The results show insufficient and uneven rates of construction of housing, a high share of emergency housing, and low investment in the housing industry in some regions. A disparity was observed between real estate prices and the population income because the population debt burden on the housing credit is quite high. According to the developed by the authors’ method of assessing the housing market based on selected indicators, the main problems are characterized and the development of the housing market in the arctic regions is assessed. It was found that in some regions the level of economic indicators of housing market development and the population's solvency significantly lags the Russian trends. The results have practical significance for the federal and regional authorities in creating housing policies and the implementation programs of national projects in the sphere of housing affordability, the main directions which should be demographic to attract and increase the resident population in the Russian Arctic, as well as the regulatory functions of the housing market by reducing interest rates and stimulating the construction industry development.
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spelling doaj.art-eaf736a400f7476aa3bd79ba616dac252022-12-21T22:44:31ZengNorthern Arctic Federal UniversityАрктика и Север2221-26982020-09-0140224010.37482/issn2221-2698.2020.40.26Status and Specifics of the Housing Market in the Arctic Regions of RussiaElena E. EMELYANOVA0Anastasiya N. CHAPARGINA1Luzin Institute for Economic Studies, Apatity, RussiaLuzin Institute for Economic Studies, Apatity, RussiaThis paper aims to analyze and identify the specifics of housing industry development in the regions of the Arctic zone of the Russian Federation using methods of comparative, analysis, statistical methods of grouping indicators, the method of scoring points. In the course of the work, an analysis of economic indicators of the housing market development, an assessment of the population's effective demand for housing. The main trends in the housing market development in the arctic regions were identified. The results show insufficient and uneven rates of construction of housing, a high share of emergency housing, and low investment in the housing industry in some regions. A disparity was observed between real estate prices and the population income because the population debt burden on the housing credit is quite high. According to the developed by the authors’ method of assessing the housing market based on selected indicators, the main problems are characterized and the development of the housing market in the arctic regions is assessed. It was found that in some regions the level of economic indicators of housing market development and the population's solvency significantly lags the Russian trends. The results have practical significance for the federal and regional authorities in creating housing policies and the implementation programs of national projects in the sphere of housing affordability, the main directions which should be demographic to attract and increase the resident population in the Russian Arctic, as well as the regulatory functions of the housing market by reducing interest rates and stimulating the construction industry development.http://www.arcticandnorth.ru/en/article_index_years.php?ELEMENT_ID=350127the housing marketthe arctic regionsthe solvency of population
spellingShingle Elena E. EMELYANOVA
Anastasiya N. CHAPARGINA
Status and Specifics of the Housing Market in the Arctic Regions of Russia
Арктика и Север
the housing market
the arctic regions
the solvency of population
title Status and Specifics of the Housing Market in the Arctic Regions of Russia
title_full Status and Specifics of the Housing Market in the Arctic Regions of Russia
title_fullStr Status and Specifics of the Housing Market in the Arctic Regions of Russia
title_full_unstemmed Status and Specifics of the Housing Market in the Arctic Regions of Russia
title_short Status and Specifics of the Housing Market in the Arctic Regions of Russia
title_sort status and specifics of the housing market in the arctic regions of russia
topic the housing market
the arctic regions
the solvency of population
url http://www.arcticandnorth.ru/en/article_index_years.php?ELEMENT_ID=350127
work_keys_str_mv AT elenaeemelyanova statusandspecificsofthehousingmarketinthearcticregionsofrussia
AT anastasiyanchapargina statusandspecificsofthehousingmarketinthearcticregionsofrussia