Housing Affordability as the Most Significant Socio-Economic Indicator

Abstract

Shaping the housing system in the Russian Federation based on market mechanisms of housing provision made the issue of determining overall trends in housing affordability urgent. The article offers new approaches to analyzing the population's ability to repay (service) the loan and the down payment for the Novosibirsk region of the Russian Federation. The obtained results of affordability indices calculations showed that mortgage lending had become an actual way to purchase housing, especially economy class one by a significant part of the population, even by those who do not have adequate earnings.