REGIONAL HOUSING MARKETS: EXPERIENCE OF CLASSIFICATION

Abstract

Objective: To construction integrated economic indicators and classify regions in terms of the housing market development. Methods: factor and cluster analysis. Results: the classification of regions is made by integral indicators determining the housing market conjuncture. The used mathematic and statistical tools are marked by the use of systematic methods to reduce the dimension of a multidimensional feature space and automatic classification. The groups of regions with a similar situation in the housing and construction market are identified. Scientific novelty: the technique of regions classification is proposed by integral indicators of the housing market development. Practical value: The results can be used in the development of regional development programs, as well as the development of mechanisms to improve the affordability of housing in some areas.