Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

The Segmentation of the Residential Real Estate Market on the Affordability Criterion: Methodical Aspect

Authors
P A Muller, K V Chepeleva, Zh N Shmeleva
Corresponding Author
K V Chepeleva
Available Online 17 March 2020.
DOI
https://doi.org/10.2991/aebmr.k.200312.163How to use a DOI?
Abstract
The article investigates the methodological problems of assessing the affordability of housing. Particular attention is given to the consideration of modern methods for assessing the affordability of residential real estate described in domestic and foreign literature, in official documents. The development of market segmentation methods, in accordance with the directions presented in the article, will allow to assess the real affordability of residential real estate in the studied market segments, taking into account the affordability of objects in the market and the financial possibility of their acquisition or lease. The implementation of the algorithm for improving the segmentation of the residential real estate market according to the criterion of affordability will improve the accuracy of calculations, obtain information completeness of the assessment of housing affordability for the population, which will allow to develop and evaluate the effectiveness of federal and regional housing strategies, taking into account the desired structure of the housing stock for different groups of the population. Based on the results, the territorial authorities and developers will have an understanding of the current situation in the region regarding the affordability and demand for residential premises, which in the complex will allow to more accurately allocate the target audience and for it to create and promote appropriate residential real estate, will ensure the effective development of the housing sector and the construction industry, improving the quality of life of the population.
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Volume Title
Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.163How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - P A Muller
AU  - K V Chepeleva
AU  - Zh N Shmeleva
PY  - 2020
DA  - 2020/03/17
TI  - The Segmentation of the Residential Real Estate Market on the Affordability Criterion: Methodical Aspect
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 1172
EP  - 1182
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.163
DO  - https://doi.org/10.2991/aebmr.k.200312.163
ID  - Muller2020
ER  -