A Mechanism For Forming An Affordable Housing Market: Russian And International Characteristics

Abstract

Today, the formation of the affordable housing market is one of the priorities of Russia’s socioeconomic policy. Its significance is due to the severity of the housing problem, deformations of the forming housing market, which are speculative in modern conditions with a constant rise in housing prices, and further limiting of its availability for the majority of the Russian population. The relevance of the study is confirmed by the high social significance of housing as a commodity, the presence of significant socioeconomic contradictions in the housing sector as well as the need to find ways to attract significant investment in the housing sector. Currently, about 83% of the housing stock is privately owned, about 13% is in social rent, and 4% in commercial rent. This structure is not effective enough, as it reduces the business and life activity of a large part of the population.