Spartial Disribution of the Price of Residential Real Estate in the Largest Cities of the World (2011-2021)

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Abstract

The article examines specific features of the residential real estate market in the largest cities in the world, characteristics of shaping of demand and supply in this market along with factors which affects the cost.

The dynamics of prices for residential real estate in thirty largest cities in the world for the period 2011-2021 is analyzed. The price has increased in almost all cities. The most important reasons for this process were revealed: increasing demand, limited supply and increase in prices for related resources. The reasons for price changes are explained both in particular cities and countries.

The dynamics of the indicator in 30 largest cities is considered. The leading region is identified – Western Europe. The reasons of regional differences in the price of residential real estate are examined: investment attractiveness of certain regions, tax environment, the market capacity as total population of the state.

About the authors

Valeria Andreevna Dolgikh

People’s Friendship University of Russia (RUDN University)

Author for correspondence.
Email: 1032201953@rudn.ru

Student, Faculty of Economics

117198, Moscow, Miklukho-Maklaya str., 6

Вероника Николаевна Kholina

People’s Friendship University of Russia (RUDN University)

Email: kholina-vn@rudn.ru
ORCID iD: 0000-0003-2565-6244
SPIN-code: 5021-7870
Scopus Author ID: 55650366800

Candidate of Geographical Sciences, Associate Professor, Head of the Department. Regional Economics and Geography, Faculty of Economics

117198, Moscow, Miklukho-Maklaya str., 6

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