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HOUSING BUBBLES IN RUSSIAN REGIONS. Alexander Gusev, 2009 Russian Research Institute for Economic, Political and Law Studies in Science and Technology www.riep.ru. DYNAMICS OF HOUSING MARKET CAPITALIZATION, percentage of GDP. TYPES OF HOUSING BUBBLES. HOUSING BUBBLE #1. HOUSING BUBBLE #2.
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HOUSING BUBBLES IN RUSSIAN REGIONS Alexander Gusev, 2009 Russian Research Institute for Economic, Political and Law Studies in Science and Technology www.riep.ru
DYNAMICS OF HOUSING MARKET CAPITALIZATION, percentage of GDP
TYPES OF HOUSING BUBBLES HOUSING BUBBLE #1 HOUSING BUBBLE #2
TYPES OF HOUSING MARKETS H - housing price elasticity of living space per capita; B – housing price elasticity of housing affordability value
REGIONAL NEW-BUILT HOUSING DISTRIBUTION BY MARKET TYPE, 2003-2006
HOUSING BUBBLES IN REGIONAL NEW-BUILT HOUSING MARKETS, 2003-2006
TYPES OF NEW-BUILT HOUSING MARKET OF MOSCOW & SAINT-PETERSBURG • Apply the methodology to the U.S. data • Working out of a regional map of housing market types • Making forecasts of housing bubbles SOME PERSPECTIVES OF THE SURVEY
Thank you for your attention Alexander Gusev • Email: a_goose@mail.ru • Web: www.urban-planet.org