Finance and Credit

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
LCCN Permalink
Google Scholar

Online available



Cyberleninka (24 month OA embargo)

Rationale for the attractiveness of rental housing for the population and institutional investors

Vol. 25, Iss. 3, MARCH 2019

Received: 4 July 2018

Received in revised form: 8 November 2018

Accepted: 23 November 2018

Available online: 29 March 2019

Subject Heading: INVESTING

JEL Classification: D14, D61, E22, E52

Pages: 709–720

Abdukhanova N.G. Kazan State University of Architecture and Engineering (KSUAE), Kazan, Republic of Tatarstan, Russian Federation

Tazeeva A.R. Kazan State University of Architecture and Engineering (KSUAE), Kazan, Republic of Tatarstan, Russian Federation

ORCID id: not available

Subject This article deals with the issues of development of local markets of rental housing in the form of commercial apartment buildings.
Objectives The article aims to justify the main aspects of the attractiveness of the acquisition of rental housing for the population as the most affordable and rational solution of the housing issue, and the attractiveness of building a revenue house for institutional investor.
Methods For the study, we used the methods of comparative and logical analyses.
Results The article describes the most acceptable solution of the housing issue. On the basis of analysis of developments of various academic economists, we have developed a formula of a square meter cost of renting, which can help the developer recoup the expenses for construction and maintenance of the revenue house.
Conclusions The article concludes that the purchase of housing is a less accessible mechanism to increase its availability, as mortgage lending has a number of disadvantages, such as paying the bank interest on the loan. The construction of commercial apartment buildings is not the only correct way to solve the housing problem, however, this can significantly reduce housing tension and increase accessibility for a certain segment of the population.

Keywords: housing affordability, rental housing, tenement house, investment attractiveness, social efficiency


  1. Abdukhanova N.G., Ibragimova A.F., Galimova D.R. [Socio-economic efficiency of implementation of development projects]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2017, vol. 18, no. 23, pp. 3887–3896. URL: Link (In Russ.)
  2. Chumakova O.V. [Regional legislation on investment and construction activities]. Voprosy Rossiiskogo i mezhdunarodnogo prava = Matters of Russian and International Law, 2018, vol. 8, no. 8A, pp. 229–239. URL: Link (In Russ.)
  3. Samoshin V., Glazunov V. Dostupnoe zhil'e. Lyudi i natsional'nyi proekt [Affordable housing. People and the national project]. Moscow, Evropa Publ., 2006, 96 p.
  4. Korolevskii K.Yu. Razvitie rynka arendnogo zhil'ya v Rossii: monografiya [Development of the rental housing market in Russia: a monograph]. Novosibirsk, TsRNS Publ., 2016, 222 p.
  5. Il'ina E.V., Afanas'eva A.N., Sidorova A.A. [Peculiarities of the national monetary unit management under the modern conditions]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2016, vol. 17, no. 7, pp. 931–936. (In Russ.) URL: Link
  6. Astaf'ev S.A. Obespechenie udovletvorennosti potrebitelei produktsii i uslug stroitel'noi i zhilishchnoi sfery za schet povysheniya kachestva sistemy samoregulirovaniya [Ensuring customer satisfaction of products and services of the construction and housing sectors by improving the quality of the self-regulation system]. Irkutsk, BSUEL Publ., 2012, 200 p.
  7. Abramov S.I. Investirovanie [Investment]. Moscow, Tsentr ekonomiki i marketinga Publ., 2000, 440 p.
  8. Bakhareva O.V., Romanova A.I. Instituty innovatsionnogo razvitiya regiona: monografiya [Institutions of innovative development of the region: a monograph]. Moscow, INFRA-M Publ., 2018, 150 p.
  9. Abdukhanova N.G., Kul'kov A.A. [Organizational and economic mechanism of public-private partnership in the implementation of loft-project]. Rossiiskoe Predprinimatel'stvo = Russian Journal of Entrepreneurship, 2017, vol. 18, no. 23, pp. 3837–3846. URL: Link (In Russ.)
  10. Grinchel' B.M., Shussmann K., Kostyleva N.E. Ekonomicheskie strategii aktivnykh gorodov [The economic strategy of active cities]. Moscow, Nauka Publ., 2002, 500 p.
  11. Kormina L. [Economic analysis of project activity in the rent housing area]. Gosudarstvennaya sluzhba = Public Service, 2013, no. 2, pp. 65–67. (In Russ.)
  12. Boiko M.V. [Business development through apartment house building (by example of the South Western Administrative District of Moscow City)]. Vestnik Moskovskogo gosudarstvennogo oblastnogo universiteta. Seriya: Ekonomika = Bulletin of Moscow State Regional University. Series: Economics, 2013, no. 2, pp. 58–64. URL: Link (In Russ.)

View all articles of issue


ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 26, Iss. 6
June 2020