Families in the North Caucasus have the least affordable housing rentals

The republics of the North Caucasus topped the list of regions with the lowest housing rental affordability. In Kabardino-Balkaria and Chechnya, only 16.2% of families with two children can afford to rent a typical two-room apartment. These are the data from a RIA Novosti study.

In Dagestan, only 19.1% of families can afford to rent a typical two-room apartment, in Ingushetia, 20.3%, and in North Ossetia, 24.7%. In Karachay-Cherkessia, the figure is 27.8%. The deplorable situation is due to the low incomes of residents of the North Caucasus Federal District.

The leaders in housing rental affordability are the northern regions with high incomes: Yamal (71.2%), Khanty-Mansiysk Autonomous Okrug (69%), and Magadan Oblast (65%).

In 2024, rental affordability across the Russian Federation has decreased: only slightly more than 46% of families can rent housing, which is lower than last year's figure (more than 50%). The main reasons are rising rental rates and poverty.

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