ELASTICITY OF DEMAND AT THE CURRENT STAGE OF DEVELOPMENT OF RUSSIAN RESIDENTIAL REAL ESTATE MARKET

Authors

  • T. V. Tretyachenko Author
  • G. B. Pivovarova Author

Keywords:

Residential real estate market, demand, supply, elasticity of demand, price of 1 sq.m, coefficient of elasticity

Abstract

Article discusses the need to analyze the residential real estate market as an element of national economy system. Definitions of supply and demand in the real estate market are given. Based on the calculation of coefficient of price elasticity of demand at the current stage of market development, influence of increase in price on dynamics of sales is shown. It is concluded that in order to achieve the goal set in national project «Housing and Urban Environment», it is necessary not only to increase the commissioning of housing, but also to ensure its availability by reducing the supply price.

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Published

2020-10-09

Issue

No. 3 (71) (2020): V E S T N I K OF ROSTOV STATE UNIVERSITY OF ECONOMICS (RINH)

Section

Статьи

How to Cite

ELASTICITY OF DEMAND AT THE CURRENT STAGE OF DEVELOPMENT OF RUSSIAN RESIDENTIAL REAL ESTATE MARKET. (2020). Vestnik of Rostov State University of Economics (RINX), 3 (71), 175-181. https://vestnik.rsue.ru/index.php/vestnik/article/view/685