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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

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