MORTGAGE LENDING AS A WAY TO INCREASE HOUSING AFFORDABILITY IN RUSSIA

This article discusses the issue of bringing the indicator «Housing Affordability Ratio» to an indicator that would reflect the number of years required to buy a home. A statistical analysis is carried out on the modifications of the indicator «Housing affordability coefficient», on the demand for mortgage loans in the regional context. The analysis of the demand for mortgage loans, as well as the level of housing security of the population in the regional context, is carried out. The relationship between the mortgage rate and the level of housing prices is analyzed. An assessment of the impact of the policy to reduce the interest rate on mortgage loans on the level of housing prices is given. The following problems of housing security in the Russian Federation are identified: regional disparities in housing security, the growth of investment demand for housing in the context of macroeconomic instability as a factor of slowing down the growth of housing security, threats to the implementation of targeted measures to support the provision of housing for the population. Possible ways to increase housing affordability are analyzed.