Trends in the housing market and housing construction in Russian regions in 2022

Abstract

This paper provides a qualitative and quantitative analysis of current development trends, along with a price analysis of the housing market and the housing construction market against the background of serious geopolitical changes in the socio-economic situation in Russia in 2022. In the course of the research, the author used the methodology of discrete spatial-parametric modelling of the real estate market. In addition to the study of market price indices, the article reviews the pace and structure of housing commissioning in the regions of the Russian Federation, assesses the specifics of the current situation in the housing construction sector, examines the impact of state support measures for the industry and identifies factors that have the most significant impact on the prospects for the development of the industry in 2023. Based on the author's research, the key features of the domestic residential real estate and housing construction markets in 2022 are stated. The relevance of this study is determined by the significant demand for the scientific method of analyzing existing risks and the impact of the uncertainty factor for the industry development forecast alongside with the assessment of the possibilities and scope of the state support measures.