Housing market of Krasnodar region: current conditions and development trends

Federal state budgetary educational institution of higher education “Sochi S tate University“, Plastunskaja str., 94, Sochi, 354003, Russia

^* Corresponding author: davyanna@yandex.ru

Abstract

The paper substantiates socio-economic importance of housing construction for the development of the Krasnodar Region, considers the pace of housing development, identifies the determinants of the housing market development in the region. The study focuses at the analyzing of the housing construction market structure and the determining of the prospects for its development in the Krasnodar Region based on the macroeconomic indicators of the socio-economic development of the region taken from official data sources. As a method for studying the determinants of the development of the housing construction market in the region, the observation and collection of factors that impact the socioeconomic characteristics of the region were used, which made it possible to identify the main groups of growth factors and containments for development of the housing construction market. For analyzing the structure of the housing construction market, measuring the rate of housing development, the state of mortgage lending, housing market price dynamics, estimating the housing stock by apartment space, distributing apartments depending on the type, technology and cost of construction, a combination of comparative and economic-statistical methods of research were used. In determining the rating of developers of the Krasnodar Region, the method of content analysis of electronic resources containing information about the most construction companies, as well as their performance indicators, was applied. The results obtained in the process of studying the structure of the housing construction market in the region can become an objective basis for determining housing development trends in the Krasnodar Region.