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MULTIPLE CRITERIA SUSTAINABILITY ASSESSMENT OF THE HOUSING MARKETS IN THE BALTIC COUNTRIES

In the modern world, sustainable development encourages states to pursue a common goal: to integrate three key areas – social, economic and environmental. The article analyzes the sustainability of housing markets in the Baltic States. The concept of sustainability has been defined and key aspects and criteria for sustainability assessment have been identified. The proposed methodology for assessing the sustainability of housing markets in the Baltic States presented. Applying the Analytical Hierarchy Process method the significance of the criteria was determined, housing market sustainability indexes were calculated using the Simple Additive Weighting method. Based on the results of the multi-criteria evaluation, the most sustainable housing market is in Estonia. The results of the research can be relevant internationally, as the original system of assessment criteria for the monitoring of the sustainability of housing markets has been formulated, the situation in the Baltic housing markets has been thoroughly assessed.