Housing prices forecast in the primary and secondary Volgograd market in the financial crisis

The article presents the dependence of the price of realization of habitation in the primary and secondary Volgograd markets on city areas, types of an apartment and a house. The models are constructed from data on average prices for 1 m² of the total area for the typical housing, housing such as “comfort” and “increased comfort. Research is based on a multiple linear regression model containing dummy variables. Quality of the model was evaluated by means of the F-test. The list of the most prestigious urban districts is presented on the basis of the research results. The author gives an analysis of the influence of financial crisis on price dynamics. The diagrams demonstrate the rise in prices on habitation in Volgograd in 2007-2009. The forecast of dynamics of the prices for habitation in 2010 is given.

primary housing market, secondary housing market, financial crisis, Volgograd region, multiple regression, dummy variables, economic-mathematical modeling, dynamics of the prices, forecasting, habitation