Opportunities for Improving Housing Affordability for Young Adults
Riga Technical University 60th International Scientific Conference “Scientific Problems of Engineering Economics of Construction and Real Estate Management, Regions and Territories Development ICEREE’2020”: Book of Abstracts 2020
Elīza Sekace, Jānis Viesturs

This topic is related to the need for housing as a social need for every member of society and its inaccessibility, mainly due to lack of finance. Access to housing is a broad concept that indicates whether households are able to purchase or rent a home,to maintain it and cover other non-housing expenses. Various events that have a significant impact on the national economy, such as the financial crisis, have affected all sections of the population in different countries over time, but it is assumed thatthe economic downturn has had the most significant impact on young adults’ living standards and the level of housing affordability. Therefore, as part of a study of the economic situation in the EU, an analysis was carried out of socio-economic indicatorsfor young adults aged between 20 and 34 as well as a study of the concept of the affordability of housing both in Latvia and elsewhere in the world. The availability of housing depends on many internal and external factors. It has been proven that the level of education and the availability of work are two of the main factors which influence affordable housing for young adults. However, employment for young people cannot be successful without prior access to stable, secure, and suitable housing. The research goal is to analyse the possibilities of increasing the availability of affordable housing for young adults in Latvia.


Keywords
housing affordability, housing availability, young adults
Hyperlink
https://buni.rtu.lv/wp-content/uploads/sites/68/2020/10/ICEREE2020-Abstracts.pdf

Sekace, E., Viesturs, J. Opportunities for Improving Housing Affordability for Young Adults. In: Riga Technical University 60th International Scientific Conference “Scientific Problems of Engineering Economics of Construction and Real Estate Management, Regions and Territories Development ICEREE’2020”: Book of Abstracts, Latvia, Rīga, 1-3 October, 2020. Rīga: Riga Technical University, 2020, pp.24-24. ISBN 978-9934-22-369-3.

Publication language
English (en)
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