Regional housing market in Russia: analysis of dependencies between indicators of migration, construction volume and housing affordability

摘要

The article deals with the correlation between the migration level, construction volume, salary level and the price per square meter of housing in the regions of Russia. To conduct the study the authors selected 46 Russian regions based on the level of GDP. Factors, affecting the net migration rate, as well as preferable destination points are determined. The housing affordability index, reflecting the comparability between the housing price and the average salary level, is calculated for each region. Housing affordability is identified as high for Ural and Far East Federal districts. Average values of the index are noted for the Southern, Volga and Central Federal districts, while cities of federal importance fall to the group of outsiders. Dependence of share of migrants in total region population on the amount of housing put in operation is stated. In the end of the paper measures of construction industry development and state regulation, aiming to reduce the regional problem of housing affordability, are proposed.