THEORETICAL ASPECTS OF THE RESEARCH OF THE RESIDENTIAL REAL ESTATE MARKET OF UKRAINE DURING THE WAR ECONOMY
Abstract
The article highlights the concept of the residential real estate market. We propose understanding the exchange and parallel relations between market entities that create the demand and supply of residential real estate. Exchange relations involve the identification of intentions to buy, sell or rent residential real estate by various subjects, the confrontation of intentions, as well as the tender mechanism, including negotiations and certain forms of agreements. The market structure is noted, which includes the deposit market and the rental or sale market. The following submarkets are distinguished: the user market; the market of financial assets; the development market; land market. Factors influencing investment decision-making are systematized. Among them are demographic; employment factors; propensity to save; credit availability and availability; the size and age structure of buildings in this area; land availability, and price. Three aspects of the intervention of the public sector in the functioning of the real estate market have been identified. Conclusions and generalizations of the further development of the residential real estate market under war conditions are made. Therefore, the residential real estate market is a complex and multifaceted concept that includes such elements as actions and interactions of people involved in the purchase, sale, exchange, use, and development of real estate; economic activity resulting in the exchange of goods, an abstract term covering all real estate transactions throughout the country; a set of mechanisms by which rights and interests in real property are transferred, prices are set, and land uses are shifted; a set of arrangements in which buyers and sellers meet through a price mechanism. Having researched the topic of the Ukrainian residential real estate market: trends, prices, and prospects, the functions of the stakeholders of this market and what problems they face in this difficult time have been revealed. We can also conclude that before we are an essential task, namely the reconstruction of the real estate market and the country's economy in general. They also concluded that thanks to the competent investment of funds, foreign investors will be able to get a decent profit and count on a quick payback of the purchased residential real estate, and Ukraine as a state will receive additional funds for the development of the economy during the war period.
References
Білецький І.В. Ключові характеристики та структура ринку житлової нерухомості в поточних умовах. Бізнес-Інформ. 2022. № 7. С. 149–154. DOI: https://doi.org/10.32983/2222-4459-2022-7-149-154
Білецький І.В. Сутність та ключові ознаки житлової нерухомості як економічної категорії. Інфраструктура ринку. 2022. № 68. С. 22–28. URL: http://www.market-infr.od.ua/journals/2022/68_2022/6.pdf
Білецький І.В. Фактори впливу на розвиток будівельного сектору економіки та ринку нерухомості України. Вісник Одеського національного університету. 2022. № 3(93). С. 38–43. URL: http://www.visnyk-onu.od.ua/journal/2022_27_3/9.pdf
Павлов К.В., Павлова О.М., Купчак В.Р. Стратегічні напрями державного регулювання конкурентних відносин шляхом стимулювання попиту та пропозиції на регіональних ринках житла в Україні. Економічний часопис Східноєвропейського національного університету імені Лесі Українки. 2019. № 4(20). С. 141–149. URL: https://echas.vnu.edu.ua/index.php/echas/article/view/516
Стрішенець О.М., Павлов К.В. Особливості конкурентних відносин на регіональних ринках нерухомості. Науковий вісник Ужгородського університету. Серія «Економіка». 2016. № 1(47). С. 35–38. URL: https://evnuir.vnu.edu.ua/handle/123456789/10435?locale=en
Стрішенець О.М., Павлов К.В. Теоретичні аспекти конкуренції на регіональних ринках житлової нерухомості. Економічний часопис Східноєвропейського національного університету імені Лесі Українки. 2017. № 3(11). С. 7–12. URL: https://evnuir.vnu.edu.ua/handle/123456789/13485
Штейнгауз Д.О. Особливості ринку житлової нерухомості та вплив фінансово-кредитних інструментів на його розвиток в Україні. Socio-Economic Relations in the Digital Society. 2021. № 2(41). С. 19–23. DOI: https://doi.org/10.18371/2221-755X2(41)2021249958%20
Analiza rynku nieruchomości w 7 krokach. (н.д.). URL: https://hermannproperty.pl/analiza-rynku-nieruchomosci-w-7-krokach/
Fraser, W.D. (1993). Principles of Property Investment and Princing. London : The Macmillan Press Ltd.
Kucharska-Stasiak, E. (2006). Nieruchomości w gospodarce rynkowej. Warszawa : PWN.
Real estate investing. (н.д.). URL: https://en.m.wikipedia.org/wiki/Real_estate_investing
Yelisieieva, L., & Skoruk, O. (2022). Housing Market and Economic Policy in Ukraine. Economic journal of Lesya Ukrainka Volyn National University, 3(31), 6–11. DOI: https://doi.org/10.29038/2786-4618-2022-03-6-11
Biletskyi, I.V. (2022). Kliuchovi kharakterystyky ta struktura rynku zhytlovoi nerukhomosti v potochnykh umovakh [Key Characteristics and Structure of the Residential Real Estate Market in the Current Conditions]. Biznes-Inform – Business-Inform, 7, 149–154. DOI: https://doi.org/10.32983/2222-4459-2022-7-149-154 [in Ukrainian]
Biletskyi, I.V. (2022). Sutnist' ta kliuchovi oznaky zhytlovoi nerukhomosti iak ekonomichnoi katehorii [Essence and key characteristics of residential real estate as an economic category]. Infrastruktura rynku – Market Infrastructure, 68, 22–28. Available at: http://www.market-infr.od.ua/journals/2022/68_2022/6.pdf [in Ukrainian]
Biletskyi, I.V. (2022). Faktory vplyvu na rozvytok budivel'noho sektoru ekonomiky ta rynku nerukhomosti ukrainy [Factors influencing the development of the construction sector of the economy and the real estate market of Ukraine]. Visnyk Odes'koho natsional'noho universytetu – Odessa National University Herald, 3(93), 38–43. Available at: http://www.visnyk-onu.od.ua/journal/2022_27_3/9.pdf [in Ukrainian]
Pavlov, K.V., Pavlova, O.M., & Kupchak, V.R. (2019). Stratehichni napriamy derzhavnoho rehuliuvannia konkurentnykh vidnosyn shliakhom stymuliuvannia popytu ta propozytsii na rehional'nykh rynkakh zhytla v Ukraini [Strategic directions of state regulation of competitive relations by stimulating supply and demand in regional housing markets in Ukraine]. Ekonomichnyj chasopys Skhidnoievropejs'koho natsional'noho universytetu imeni Lesi Ukrainky – Economic journal of Lesya Ukrainka Eastern European National University, 4(20), 141–149. Available at: https://echas.vnu.edu.ua/index.php/echas/article/view/516 [in Ukrainian]
Strishenets', O.M., & Pavlov, K.V. (2016). Osoblyvosti konkurentnykh vidnosyn na rehional'nykh rynkakh nerukhomosti [Peculiarities of competitive relations in regional real estate markets]. Naukovyj visnyk Uzhhorods'koho universytetu. Seriia «Ekonomika» – Scientific Bulletin of Uzhhorod University. Series «Economics», 1(47), 35–38. Available at: https://evnuir.vnu.edu.ua/handle/123456789/10435?locale=en [in Ukrainian]
Strishenets', O.M., & Pavlov, K.V. (2017). Teoretychni aspekty konkurentsii na rehional'nykh rynkakh zhytlovoi nerukhomosti [Theoretical aspects of competition in regional residential real estate markets]. Ekonomichnyj chasopys Skhidnoievropejs'koho natsional'noho universytetu imeni Lesi Ukrainky – Economic journal of Lesya Ukrainka Eastern European National University, 3(11), 7–12. Available at: https://evnuir.vnu.edu.ua/handle/123456789/13485 [in Ukrainian]
Shteingauz, D. (2021). Osoblyvosti rynku zhytlovoi nerukhomosti ta vplyv finansovo-kredytnykh instrumentiv na joho rozvytok v Ukraini [Peculiarities of the residential real estate market and the influence of financial and credit instruments on its development in Ukraine]. Socio-Economic Relations in the Digital Society, 2(41), 19–23. DOI: https://doi.org/10.18371/2221-755X2(41)2021249958%20 [in Ukrainian]
Analiza rynku nieruchomości w 7 krokach. (n.d.). Rezhym dostupu: https://hermannproperty.pl/analiza-rynku-nieruchomosci-w-7-krokach/
Kucharska-Stasiak, E. (2006). Nieruchomości w gospodarce rynkowej. Warszawa : PWN.
Real estate investing. (n.d.). Available at: https://en.m.wikipedia.org/wiki/Real_estate_investing
Fraser, W.D. (1993). Principles of Property Investment and Princing. London : The Macmillan Press Ltd.
Yelisieieva, L., Skoruk, O. (2022). Housing Market and Economic Policy in Ukraine. Economic journal of Lesya Ukrainka Volyn National University, 3(31), 6–11. DOI: https://doi.org/10.29038/2786-4618-2022-03-6-11
