Abstract

Residential property market is a key element of the regional socio-economic system. It affects the quality of life, as well as the construction sector, banking, labor market, etc. When it goes through an emergency period, the local housing market has a serious multiplier effect on the development pace of the entire economic system in the region. An emergency period means a price surge, long-term speculative investments, a growing debt burden for all market agents, and a deteriorating life quality. To identify opportunities and manage the regional housing market in an emergency period, analytics should understand the strategic importance of the market and take into account global fluctuations. The author applied the theory of strategy and the methodology of strategizing developed by Professor V. L. Kvint to the current emergency period in the Moscow housing market. The article introduces a new method for assessing the impact of the local socio-economic indicators on the progress of the emergency period in the Moscow residential property market. The recommendations may facilitate the process of strategizing the development of the real estate market in the regions.

Keywords

regional residential real estate market, emergency period, market regulation, socio-economic indicators, strategizing, principal component analysis

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