Correlation between trends in the residential real estate market and subway development in the metropolises of the Russian Federation

Abstract

This paper considers connection and interdependence between construction of new subway chains and stations and development trends in the real estate market. Via comprehensive implementation of market analysis methods, together with data grouping and assessment, the study systemizes the principles required for a successful development of the urban and transport infrastructure within particular districts in Saint-Petersburg and Moscow. Resulting from the conducted analysis, the authors highlighted key aspects in terms of subway construction taking into consideration its direct connection with the specifics of a given district. The interdependence between increasing prices at the real estate market and subway construction is justified.