+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Regional Economics: Theory and Practice
 

Housing markets of Russia's Far North East regions: There is still no investment. Why?

Vol. 19, Iss. 4, APRIL 2021

Received: 11 February 2021

Received in revised form: 25 February 2021

Accepted: 9 March 2021

Available online: 15 April 2021

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: R11, R21, R30, R32, R58

Pages: 665–692

https://doi.org/10.24891/re.19.4.665

Oksana S. FAVSTRITSKAYA North-Eastern Interdisciplinary Research Institute named after N.A. Shiloh, Far Eastern Branch of RAS, Magadan, Russian Federation
favstritskaya@neisri.ru

https://orcid.org/0000-0002-3558-032X

Subject. This article examines the functioning of the housing market of the Far North East of Russia, and the peculiarities of housing as a commodity and object of investment.
Objectives. The article aims to analyze the features of the housing market of the Russian North East regions, and their relationship with the state and prospects of the region's development.
Methods. For the study, I used the methods of historical, comparative, and statistical analyses. Data visualization is presented in tabular and graphical forms.
Results. The article describes the peculiarities of the housing market in the regions of the Far North East of Russia, its current state and the interdependence of the real estate market and the region's economy. The article also shows the prospects for the development of this market.
Conclusions. To increase the attractiveness of housing in the Far North East of Russia as an investment destination, a high standard of living must be ensured.

Keywords: housing market, residential investment, housing per capita, primary and secondary housing market prices, Magadan Oblast, Chukotka Autonomous Okrug

References:

  1. Naiden S.N., Gritsko M.A., Burevaya N.S. [Social infrastructure development as a condition of human capital growth]. Vlast' i upravlenie na Vostoke Rossii = Power and Administration in the East of Russia, 2020, no. 2, pp. 16–29. URL: Link (In Russ.)
  2. Fauzer V.V., Lytkina T.S., Smirnov A.V. [Sustainable development of the northern regions: population dimension]. Ekonomika regiona = Economy of Region, 2018, vol. 14, iss. 4, pp. 1370–1382. (In Russ.) URL: Link
  3. Leksin V.N. [The roads that we do not choose (on the government “Strategy of spatial development of the Russian Federation for the period up to 2025”)]. Rossiiskii ekonomicheskii zhurnal = Russian Economic Journal, 2019, no. 3, pp. 3–24. (In Russ.)
  4. Sternik S.G., Gareev I.F. [Forecast and recommendations for the development of the housing as a sector of the Russian economy on the basis of results of 2019]. Zhilishchnye strategii = Russian Journal of Housing Research, 2020, vol. 7, no. 2, pp. 153–180. (In Russ.) URL: Link
  5. Minakir P.A., Naiden S.N. [Social dynamics in the Far East: the defect of ideas or the failure of institutions?] Region: ekonomika i sotsiologiya = Region: Economics and Sociology, 2020, no. 3, pp. 30–61. (In Russ.) URL: Link
  6. Kuznetsova O.V. [Problems of elaboration of spatial development strategy of the Russian Federation]. Prostranstvennaya Ekonomika = Spatial Economics, 2019, vol. 15, no. 4, pp. 107–125. (In Russ.) URL: Link
  7. Kosareva N.B., Polidi T.D., Puzanov A.S. Ekonomicheskaya urbanizatsiya: monografiya [Economic urbanization: a monograph]. Moscow, Fond Institut ekonomiki goroda Publ., 2018, 418 p.
  8. Favstritskaya O.S. Modernizatsiya zhilishchnykh rynkov v depressivnykh severnykh regionakh (na primere Magadanskoi oblasti): monografiya [Modernization of housing markets in depressed areas of the North (Magadan Oblast): a monograph]. Magadan, North-Eastern Interdisciplinary Research Institute named after N.A. Shiloh, Far Eastern Branch of RAS Publ., 2017, 151 p.
  9. Sharopatova A.V., Mazhanskaya E.V. [Factors influencing the investment attractiveness of objects in the residential real estate market]. Vestnik nauki i obrazovaniya = Bulletin of Science and Education, 2020, no. 11, part 3, pp. 29–32. URL: Link (In Russ.)
  10. Grubbauer M. Assisted Self‐help Housing in Mexico: Advocacy, (Micro)Finance and the Making of Markets. International Journal of Urban and Regional Research, 2020, vol. 44, iss. 6, pp. 947–966. URL: Link
  11. Sivachev V.I. [To the question about the problems of the functioning of the mechanisms ensuring the right to housing by public authorities]. Gosudarstvo i pravo = State and Law, 2018, no. 10, pp. 141–145. URL: Link (In Russ.)
  12. Mogil'nikova N.V., Generalova E.M. Dokhodnye doma vchera – arendnoe zhil'e segodnya. V kn.: Traditsii i innovatsii v stroitel'stve i arkhitekture. Arkhitektura i dizain: sbornik statei [Income houses yesterday – rental housing today. In: Tradition and innovation in construction architecture. Architecture and Design: A collection of articles]. Samara, Samara State University of Architecture and Civil Engineering Publ., 2017, pp. 101–105.
  13. Gal'tseva N.V., Favstritskaya O.S., Sharypova O.A. [The standard of living of the population of the Northern and Arctic areas of the Russian Far East]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2017, vol. 15, iss. 1, pp. 85–100. (In Russ.) URL: Link
  14. Zamyatina N.Yu., Pilyasov A.N. Regional'nyi konsalting: priglashenie k tvorchestvu. Opyt razrabotki dokumentov strategicheskogo planirovaniya regional'nogo i munitsipal'nogo urovnya: monografiya [Regional consulting: an invitation to creativity. Experience in the development of strategic planning documents at the regional and municipal levels: a monograph]. St. Petersburg, OOO Mamatov Publ., 2017, 196 p.
  15. Sidorkina Z.I., Ushakova V.L. [Dynamics of demographic processes in the regions of the Eastern Arctic (by the example of the Chukot Autonomous Area)]. Estestvennye i tekhnicheskie nauki, 2019, no. 4, pp. 104–111. (In Russ.)
  16. Sharypova О.А., Gal'tseva N.V., Favstritskaya O.S. [Rating of socio-economic situations in Magadan Оblast municipalities (2007–2018)]. Vestnik Severo-Vostochnogo nauchnogo tsentra DVO RAN = Bulletin of North-East Scientific Center, Russia Academy of Sciences Far East Branch, 2019, no. 4, pp. 95–108. (In Russ.) URL: Link
  17. Pelyasov A.N., Gal'tseva N.V., Atamanova E.A. [Economy of the Arctic "Islands": The case of Nenets and Chukotka Autonomous Okrugs]. Ekonomika regiona = Economy of Region, 2017, vol. 13, iss. 1, pp. 114–125. (In Russ.) URL: Link
  18. Balashenko V.V., Barashkova A.S., Gal'tseva N.V. et al. Etnonatsional'nye protsessy v Arktike: tendentsii, problemy, perspektivy: monografiya [Ethno-national processes in the Arctic: trends, problems, perspectives: a monograph]. Arkhangelsk, Northern (Arctic) Federal University named after M.V. Lomonosov Publ., 2017, 328 p.
  19. Zamyatina N.Yu., Pilyasov A.N. Rossiiskaya Arktika: k novomu ponimaniyu protsessov osvoeniya: monografiya [Russian Arctic: a new understanding of the processes of development: a monograph]. Moscow, URSS Publ., 2020, 400 p.
  20. Abramov A.E., Avdonina A.M., Apevalova E.A. et al. Rossiiskaya ekonomika v 2019 godu. Tendentsii i perspektivy: monografiya [ Russian economy in 2019. Trends and outlooks: a monograph]. Moscow, Gaidar Institute for Economic Policy Publ., 2020, 632 p.

View all articles of issue

 

ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 22, Iss. 4
April 2024

Archive