COMPARATIVE ANALYSIS OF ORGANIZATION AND FINANCING CAPITAL REPAIRS (RENOVATION) IN MULTI-APARTMENT BUILDINGS IN THE CITIES OF LATVIA AND RUSSIA (CASES OF RIGA AND SAINT PETERSBURG)

The article presents general conditions of the housing stock in Latvia and Russia by the example of the cities of Riga and Saint Petersburg and presents analysis of conducting capital repairs (renovation) in multi-apartment buildings of typical design built during the Soviet era in both countries. The article draws attention to the necessity of forwarding capital repairs and implementation of energy efficiency programs for residential buildings. The authors implemented methods of statistical and economic analysis and expert evaluation. In conclusion, the authors justified presence of high potential growth for labor market that can be achieved by developing process of housing stock renovation. As the result of this research, the authors have concluded that investigation of Latvia’s and Russia’s experience in the field of conducting capital repairs and implementing energy efficiency programs for residential buildings can create conditions for making optimal choices in this field for both countries. This work can be of interest to the cities of all the post-Soviet countries where residential districts were built up by the Soviet multi-apartment buildings of typical design.