title: ÐÐ»Ð¸ÑÐ½Ð¸Ðµ ÑÐ°Ð·Ð²Ð¸ÑÐ¸Ñ ÑÐ¸ÑÑÐµÐ¼Ñ Ð¸Ð¿Ð¾ÑÐµÑÐ½Ð¾Ð³Ð¾ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ñ Ð½Ð° Ð´Ð¾ÑÑÑÐ¿Ð½Ð¾ÑÑÑ Ð¶Ð¸Ð»ÑÑ Ð² Ð Ð¾ÑÑÐ¸Ð¸
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: The impact of the mortgage lending system development on the housing affordability in Russia
Creators: name: Ð¡ÑÑÐ¸Ð½Ð¸Ð½Ð°, ÐÐ½Ð°ÑÑÐ°ÑÐ¸Ñ
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2022
Subjects: Ð´Ð¾ÑÑÑÐ¿Ð½Ð¾ÑÑÑ Ð¶Ð¸Ð»ÑÑ
Ð¸Ð¿Ð¾ÑÐµÑÐ½ÑÐ¹ ÑÑÐ½Ð¾Ðº
ÑÑÐ½Ð¾Ðº Ð¶Ð¸Ð»Ð¸ÑÐ½Ð¾Ð³Ð¾ ÑÑÑÐ¾Ð¸ÑÐµÐ»ÑÑÑÐ²Ð°
Ð¸Ð¿Ð¾ÑÐµÑÐ½Ð¾Ðµ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ
Ð¿ÑÐ¾Ð³ÑÐ°Ð¼Ð¼Ð° Ð»ÑÐ³Ð¾ÑÐ½Ð¾Ð¹ Ð¸Ð¿Ð¾ÑÐµÐºÐ¸
Ð¼Ð½Ð¾Ð³Ð¾ÑÐ°ÐºÑÐ¾ÑÐ½ÑÐ¹ ÑÐµÐ³ÑÐµÑÑÐ¸Ð¾Ð½Ð½ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð·
ÑÐ¾Ð±ÑÑÐ¸Ð¹Ð½ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð·
housing affordability
mortgage market
housing construction market
mortgage lending
preferential mortgage program
multiple regression analysis
event study

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description: The subject of the graduate qualification work is âThe impact of the mortgage lending system development on the housing affordability in Russiaâ. The object of research is the Russian housing market. The subject of the work is housing affordability in Russia. The goal of the work is to assess the impact of the mortgage lending system development on the housing affordability in Russia. In the course of the work, the author considered methodological aspects of measuring and assessing the housing affordability, made overviews of the mortgage market and the housing construction market, on the basis of which a SWOT analysis of mortgage lending in Russia was carried out. The result of the study is a long-term analysis using multivariate regression modeling, short-term analysis using the method of event study and interpretation of the results.In order to justify the relevance of identifying the impact of the mortgage lending system development on housing affordability in Russia, the following conclusions were made:In the long term, the dependence of the housing affordability indicator on the following factors has been demonstrated: volume of housing commissioning; population growth rate; total fertility rate; marriage rate; employment rate; the share of the number of families who received housing and improved housing conditions; the number of mortgage housing loans granted; weighted average term and weighted average interest rate on mortgage loans. In the short term, the impact of the enactment and extension of the preferential mortgage program was analyzed, and it was concluded that the program âwarmed upâ the market and the growth in housing prices in the constituent entities of the Russian Federation with a higher level of economic, infrastructural, and social development and, from the point of view of the population, being the most attractive for living and investment.