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Rationale for the attractiveness of rental housing for the population and institutional investors

Vol. 25, Iss. 3, MARCH 2019

Received: 4 July 2018

Received in revised form: 8 November 2018

Accepted: 23 November 2018

Available online: 29 March 2019

Subject Heading: INVESTING

JEL Classification: D14, D61, E22, E52

Pages: 709–720

https://doi.org/10.24891/fc.25.3.709

Abdukhanova N.G. Kazan State University of Architecture and Engineering (KSUAE), Kazan, Republic of Tatarstan, Russian Federation
ab-natali@yandex.ru

https://orcid.org/0000-0002-8513-3106

Tazeeva A.R. Kazan State University of Architecture and Engineering (KSUAE), Kazan, Republic of Tatarstan, Russian Federation
alsu8080808@mail.ru

ORCID id: not available

Subject This article deals with the issues of development of local markets of rental housing in the form of commercial apartment buildings.
Objectives The article aims to justify the main aspects of the attractiveness of the acquisition of rental housing for the population as the most affordable and rational solution of the housing issue, and the attractiveness of building a revenue house for institutional investor.
Methods For the study, we used the methods of comparative and logical analyses.
Results The article describes the most acceptable solution of the housing issue. On the basis of analysis of developments of various academic economists, we have developed a formula of a square meter cost of renting, which can help the developer recoup the expenses for construction and maintenance of the revenue house.
Conclusions The article concludes that the purchase of housing is a less accessible mechanism to increase its availability, as mortgage lending has a number of disadvantages, such as paying the bank interest on the loan. The construction of commercial apartment buildings is not the only correct way to solve the housing problem, however, this can significantly reduce housing tension and increase accessibility for a certain segment of the population.

Keywords: housing affordability, rental housing, tenement house, investment attractiveness, social efficiency

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