Investigation of Economic and Social Factors Determining Students' Choice of Rental Housing

This study is devoted to analyzing factors influencing students' choice of rental housing in Almaty city, Kazakhstan. The primary attention is paid to changes in the average cost of rent for the period from 2010 to 2020, the number of students, the level of youth employment, the price index for educational and housing services, the level of youth unemployment, the index of the physical volume of the total area of commissioned residential buildings and the cost of living. The study results show that the lowest rental prices were recorded in 2010-2011, followed by significant increases until 2015, driven by increased demand for rental housing. In 2021, rental costs will sharply increase due to the influx of students and migration to Almaty. The increase can also be partly explained by the economic impact of the pandemic, including inflation and changes in the labor market. The number of students studying in Almaty shows significant fluctuations, with a fall in 2011-2012 and an increase from 2016 to 2021. Youth employment rates have also fluctuated, peaking in 2015 and stabilizing in subsequent years. Analysis of the price index for educational and housing services shows a steady increase while the youth unemployment rate is declining. These data indicate a complex relationship between economic and social factors influencing the student rental market in Almaty. Understanding these relationships is essential for developing effective strategies to support students, including measures to ensure housing affordability and improve labor market conditions.

1. Cameron S., Gatley D. A., Golby J. D. Estimates of a model of pricing behaviour in the private sector rented housing market //Housing studies. – 1988. – Т. 3. – №. 1. – С. 51-58. https://doi.org/10.1080/02673038808720614

2. Bozick R. Making it through the first year of college: The role of students' economic resources, employment, and living arrangements //Sociology of education. – 2007. – Т. 80. – №. 3. – С. 261-285. https://doi.org/10.1177/003804070708000304

3. Woo Y., Kim E. Analyzing determining factors of young graduates’ decision to stay in lagged regions //Sustainability. – 2020. – Т. 12. – №. 8. – С. 3094. https://doi.org/10.3390/su12083094

4. Hubbard P. Geographies of studentification and purpose-built student accommodation: leading separate lives? //Environment and planning A. – 2009. – Т. 41. – №. 8. – С. 1903-1923. https://doi.org/10.1068/a4149

5. Roetzel, A., DeKay, M., Nakai Kidd, A., Klas, A., Sadick, A. M., Whittem, V., Zinkiewicz, L. Architectural, indoor environmental, personal and cultural influences on students’ selection of a preferred place to study //Architectural Science Review. – 2020. – Т. 63. – №. 3-4. – С. 275-291. https://doi.org/10.1080/00038628.2019.1691971

6. Thomsen J. Home experiences in student housing: About institutional character and temporary homes //Journal of Youth studies. – 2007. – Т. 10. – №. 5. – С. 577-596. https://doi.org/10.1080/13676260701582062

7. Fleming, A. R., Oertle, K. M., Plotner, A. J., Hakun, J. G. Influence of social factors on student satisfaction among college students with disabilities //Journal of College Student Development. – 2017. – Т. 58. – №. 2. – С. 215-228. https://doi.org/10.1353/csd.2017.0016

8. Avogo F. A., Appau W. M., Attakora-Amaniampong E. The effects of wordof- mouth and online review marketing strategies on students’ satisfaction with their housing selection during COVID-19 season //Facilities. – 2022. – Т. 40. – №. 5/6. – С. 394-411. https://doi.org/10.1108/F-09-2021-0085

9. Yang, H., Cui, X., Dijst, M., Tian, S., Chen, J., Huang, J. Association between natural/built campus environment and depression among Chinese undergraduates: multiscale evidence for the moderating role of socioeconomic factors after controlling for residential self-selection //Frontiers in public health. – 2022. – Т. 10. – С. 844541. https://doi.org/10.3389/fpubh.2022.844541

10. Gbadegesin, J. T., Komolafe, M. O., Gbadegesin, T. F., Omotoso, K. O. Offcampus student housing satisfaction indicators and the drivers: From student perspectives to policy re-awakening in governance //Journal of Human Behavior in the Social Environment. – 2021. – Т. 31. – №. 7. – С. 889-915. https://doi.org/10.1080/10911359.2020.1825247

11. Bureau of National Statistics. Retrieved from: http://www.stat.gov.kz