ANALYSIS OF THE STATE AND DEVELOPMENT TRENDSOF THE REAL ESTATE MARKET IN THE RUSSIAN FEDERATION

Abstract

This article analyzes current trends and prospects for the residential real estate market. Recent changes have directly or indirectly affected factors influencing segments of the rental housing market, mortgage lending, individual housing construction, and the real estate market as a whole. It examines indicators influencing the real estate market, including both general indicators of the country’s socioeconomic development and specific parameters of the mortgage, banking, and construction markets. Inconsistencies in the development trends of various indicators and market segments are noted, due to the unstable socioeconomic situation and high interest rates in the credit market. An attempt is made to analyze the sensitivity of housing demand to price and interest rates, as well as to establish the relationship between prices in the primary and secondary housing markets. The results of the analysis are summarized in final conclusions, which help to forecast future trends and development outcomes for the Russian residential real estate market.