Sustainable Development of the Housing Market as a Factor of Strategic Assessment of the Socio-Economic Position of a Region

Abstract

The aim of the study is to substantiate the role of the housing market as a significant factor in the strategic assessment of the socio-economic position of a region in the practice of strategizing, which implies identifying development priorities based on an analysis of the opportunities and constraints of territorial systems.The research methods include an integral assessment of the socio-economic development of the region, which makes it possible to form a comprehensive description of its state, as well as ranking methods to identify the relationship between the development of the housing market and the level of socio-economic development. Additionally, regions are grouped with the construction of a correspondence matrix, which ensures the transition from a strategic assessment of overall dependence to the identification of structural differences and typological features of regional systems.The results of the study showed the presence of a positive relationship of moderate strength between the level of development of the housing market and the socio-economic position of regions. It was found that a significant share of regions is characterized by coordinated development of the housing sector and the overall socio-economic system. At the same time, deviations were identified that reflect heterogeneity of development and the existence of different types of regional structures. The analysis made it possible to distinguish groups of regions with coordinated development, as well as regions with advanced development of the housing market and regions with structural imbalances. In accordance with the theory of strategy and the methodology of strategizing developed by Academician V. L. Kvint, such differences are interpreted as a manifestation of unrealized opportunities and unidentified threats that must be taken into account when forming strategic priorities.The conclusions of the study are that the housing market functions not only as a sectoral element of the economy but also as an important indicator and factor of strategic diagnostics of regional development. Its use in the assessment system makes it possible to increase the validity of priority selection and to take into account the internal heterogeneity of socio-economic processes in the development of a regional development strategy.