Economic and Legal Aspects of Accessibility of Housing in the Region

Abstract

AbstractHousing is one of the most basic human necessities, both in terms of material and social aspects. Housing need is a need for housing as an objectively necessary condition for maintaining the life of each person, his work, leisure, family comfort, which has taken a specific form in accordance with the cultural level of the individual and the social status of the individual, supported by a certain purchasing power. As a result, a frequent evaluation of housing affordability using a range of approaches in various parts of the nation is an essential aspect in evaluating the present status of one of the most important components of the population’s quality of life. The main purpose of this study is to use multiple assessment methodologies to look at the affordability of housing in the North Caucasian Federal District of the Russian Federation, which was chosen as a research topic, between 2016 and 2020. In order to achieve the study’s goal, the following tasks were completed: consider methods for assessing housing affordability in the region; assess housing affordability in the Russian Federation’s North Caucasus Federal District, both on the primary and secondary markets, in the regions chosen as research subjects. The study used the UN-Habitat housing affordability index, the modified housing affordability index, and the housing affordability index with credit to assess housing affordability.KeywordsHousingHousing affordabilityUN-Habitat housing affordability indexModified housing affordability indexHousing affordability index with creditMortgage lendingAnd UN-habitat housing affordability index