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The dynamics of housing affordability for the population of Russia in 2008–2014

Author

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  • M. M. Minchenko

    (Institute of Economic Forecasting Russian Academy of Sciences)

  • N. N. Nozdrina

    (Institute of Economic Forecasting Russian Academy of Sciences)

Abstract

The article discusses the dynamics of affordability for the Russia’s population of purchase of ownership of housing in the period between the two crises of 2008 and 2014. We conducted a comparative analysis of the results of housing affordability assessment made using different methods. We constructed a typology of Russian regions, i.e., subjects of the Russian Federation on a classical housing affordability index. We made an estimate of the proportion of housing affordable for acquisition by the population and the proportion of households with the opportunity to purchase standard housing. Multivariate calculations conducted will improve the objectivity and reliability of the assessment of housing affordability level. It is shown that the financial affordability of housing in Russia after the crisis of 2008 has increased in all considered indices.

Suggested Citation

  • M. M. Minchenko & N. N. Nozdrina, 2017. "The dynamics of housing affordability for the population of Russia in 2008–2014," Studies on Russian Economic Development, Springer, vol. 28(2), pages 191-203, March.
    • Handle: RePEc:spr:sorede:v:28:y:2017:i:2:d:10.1134_s1075700717020071
    DOI: 10.1134/S1075700717020071
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    Cited by:

    1. N. N. Nozdrina & M. M. Minchenko & K. V. Yankov, 2021. "Analysis of the State of the Housing Stock of the Far Eastern Regions," Studies on Russian Economic Development, Springer, vol. 32(5), pages 526-535, September.
    2. El-Shagi, Makram & Fidrmuc, Jarko & Yamarik, Steven, 2020. "Inequality and credit growth in Russian regions," Economic Modelling, Elsevier, vol. 91(C), pages 550-558.
    3. Ekaterina V. KASHINA & Irina A. SAENKO & Elena V. KRELINA & Valeria V. PUKHOVA & Olga R. TOLOCHKO, 2022. "Improvement Of Methodology For Assessing Housing Affordability Based On Regional Characteristics," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 17(2), pages 57-65, May.

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