Spatial differentiation of activity of nonresident buyers in the housing market in the Moscow region
Housing construction in the Moscow agglomeration is closely linked with the migration of the population to the capital region. The acquisition of real estate by nonresident buyers in the primary market of the Moscow capital region (MСR) in the amount of 2.5 mln m2 provides housing for about 100 000...
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Peoples’ Friendship University of Russia (RUDN University)
2018
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Online Access: | https://doi.org/10.22363/2313-2329-2018-26-4-643-652 https://doaj.org/article/13f0e720986e45a0ac914e8682aec98b |
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ftdoajarticles:oai:doaj.org/article:13f0e720986e45a0ac914e8682aec98b 2023-05-15T17:02:57+02:00 Spatial differentiation of activity of nonresident buyers in the housing market in the Moscow region Nikolay K Kurichev Ekaterina K Kuricheva 2018-12-01T00:00:00Z https://doi.org/10.22363/2313-2329-2018-26-4-643-652 https://doaj.org/article/13f0e720986e45a0ac914e8682aec98b EN RU eng rus Peoples’ Friendship University of Russia (RUDN University) http://journals.rudn.ru/economics/article/viewFile/20757/16755 https://doaj.org/toc/2313-2329 https://doaj.org/toc/2408-8986 2313-2329 2408-8986 doi:10.22363/2313-2329-2018-26-4-643-652 https://doaj.org/article/13f0e720986e45a0ac914e8682aec98b RUDN Journal of Economics, Vol 26, Iss 4, Pp 643-652 (2018) regional differentiation Moscow agglomeration housing market homebuyers migration Economic growth development planning HD72-88 Economics as a science HB71-74 article 2018 ftdoajarticles https://doi.org/10.22363/2313-2329-2018-26-4-643-652 2022-12-31T14:19:00Z Housing construction in the Moscow agglomeration is closely linked with the migration of the population to the capital region. The acquisition of real estate by nonresident buyers in the primary market of the Moscow capital region (MСR) in the amount of 2.5 mln m2 provides housing for about 100 000 migrants per year, or about 40 % of the net migration inflow. Buyers from other regions account for 17 % of transactions in Moscow and 23 % in Moscow Oblast. The activity of buyers in the real estate market of the MCR has a spatial differentiation by the Russian regions, which is determined by the factors of natural resource rents, agglomeration effect, the status rents in the large cities, the distance from the MCR. Regional identity of buyers was determined by the addresses of their initial registration. Factor of natural resource rents is evident in the high share (6.4 %) of housing buyers in Moscow from Khanty-Mansi and Yamalo-Nenets Autonomous Okrugs that is almost four times higher than their share in the population. The factor of distance leads to exceeding 2.1 times the share of housing buyers in Moscow from the neighboring regions of the first order over their shares in the population. The greatest activity in the housing market of Moscow is characteristic for residents of cities with the 250 000-500 000 population, of Moscow Oblast - with the 100 000-250 000 population. The share of buyers from the million-plus cities (17.7 %) is slightly greater than their share in the population. Small towns and rural areas have weak buying activity in the housing market. Thus, the development of alternative to Moscow centers of attraction at the national level is associated with a change in migration incentives for residents of cities with 100 000-500 000 population. Article in Journal/Newspaper khanty khanty-mansi nenets Yamalo Nenets Mansi Directory of Open Access Journals: DOAJ Articles RUDN Journal of Economics 26 4 643 652 |
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Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English Russian |
topic |
regional differentiation Moscow agglomeration housing market homebuyers migration Economic growth development planning HD72-88 Economics as a science HB71-74 |
spellingShingle |
regional differentiation Moscow agglomeration housing market homebuyers migration Economic growth development planning HD72-88 Economics as a science HB71-74 Nikolay K Kurichev Ekaterina K Kuricheva Spatial differentiation of activity of nonresident buyers in the housing market in the Moscow region |
topic_facet |
regional differentiation Moscow agglomeration housing market homebuyers migration Economic growth development planning HD72-88 Economics as a science HB71-74 |
description |
Housing construction in the Moscow agglomeration is closely linked with the migration of the population to the capital region. The acquisition of real estate by nonresident buyers in the primary market of the Moscow capital region (MСR) in the amount of 2.5 mln m2 provides housing for about 100 000 migrants per year, or about 40 % of the net migration inflow. Buyers from other regions account for 17 % of transactions in Moscow and 23 % in Moscow Oblast. The activity of buyers in the real estate market of the MCR has a spatial differentiation by the Russian regions, which is determined by the factors of natural resource rents, agglomeration effect, the status rents in the large cities, the distance from the MCR. Regional identity of buyers was determined by the addresses of their initial registration. Factor of natural resource rents is evident in the high share (6.4 %) of housing buyers in Moscow from Khanty-Mansi and Yamalo-Nenets Autonomous Okrugs that is almost four times higher than their share in the population. The factor of distance leads to exceeding 2.1 times the share of housing buyers in Moscow from the neighboring regions of the first order over their shares in the population. The greatest activity in the housing market of Moscow is characteristic for residents of cities with the 250 000-500 000 population, of Moscow Oblast - with the 100 000-250 000 population. The share of buyers from the million-plus cities (17.7 %) is slightly greater than their share in the population. Small towns and rural areas have weak buying activity in the housing market. Thus, the development of alternative to Moscow centers of attraction at the national level is associated with a change in migration incentives for residents of cities with 100 000-500 000 population. |
format |
Article in Journal/Newspaper |
author |
Nikolay K Kurichev Ekaterina K Kuricheva |
author_facet |
Nikolay K Kurichev Ekaterina K Kuricheva |
author_sort |
Nikolay K Kurichev |
title |
Spatial differentiation of activity of nonresident buyers in the housing market in the Moscow region |
title_short |
Spatial differentiation of activity of nonresident buyers in the housing market in the Moscow region |
title_full |
Spatial differentiation of activity of nonresident buyers in the housing market in the Moscow region |
title_fullStr |
Spatial differentiation of activity of nonresident buyers in the housing market in the Moscow region |
title_full_unstemmed |
Spatial differentiation of activity of nonresident buyers in the housing market in the Moscow region |
title_sort |
spatial differentiation of activity of nonresident buyers in the housing market in the moscow region |
publisher |
Peoples’ Friendship University of Russia (RUDN University) |
publishDate |
2018 |
url |
https://doi.org/10.22363/2313-2329-2018-26-4-643-652 https://doaj.org/article/13f0e720986e45a0ac914e8682aec98b |
genre |
khanty khanty-mansi nenets Yamalo Nenets Mansi |
genre_facet |
khanty khanty-mansi nenets Yamalo Nenets Mansi |
op_source |
RUDN Journal of Economics, Vol 26, Iss 4, Pp 643-652 (2018) |
op_relation |
http://journals.rudn.ru/economics/article/viewFile/20757/16755 https://doaj.org/toc/2313-2329 https://doaj.org/toc/2408-8986 2313-2329 2408-8986 doi:10.22363/2313-2329-2018-26-4-643-652 https://doaj.org/article/13f0e720986e45a0ac914e8682aec98b |
op_doi |
https://doi.org/10.22363/2313-2329-2018-26-4-643-652 |
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RUDN Journal of Economics |
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26 |
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4 |
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643 |
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652 |
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