Ukrainian real estate market: trends and development prospects

Abstract

The article is devoted to the study of trends observed in the real estate market in the current conditions of economic development of Ukraine, taking into account the influence of external and internal environmental factors. The purpose of the article is to study current trends in the real estate market of Ukraine, both positive and negative, in particular, taking into account the difficult economic situation in the country, the main reason for which is war and actions related to military aggression. Methods. The article uses a number of methods and methodological approaches, in particular a comprehensive approach to developing measures to respond to the challenges of the real estate market. Such measures include the development of state programs to ensure the availability of housing for broad segments of the population, stimulating investment in this area, etc. The emphasis is on the importance of interdepartmental coordination and cooperation with international organizations, support for public initiatives, as well as the need to create a sustainable economic policy that would contribute to improving housing conditions and raising the standard of living of the population. Results. The existence of demand for real estate among different categories of the population under various state programs, such as subsidies, loans with lower interest rates and tax breaks, is confirmed. Positive results of the development of the real estate market are highlighted, including: the introduction of technological innovations that not only speed up the construction process, but also increase its quality, energy efficiency, etc. in the case of using "smart" technologies and energy-saving materials against the background of negative phenomena and challenges of this market. A relationship is revealed with the increase in migration processes, in particular as a result of a full-scale war, and a decrease in the solvency of the population, which to some extent caused a reduction in domestic consumer demand and a slowdown in investment activity. Conclusions. This study not only presents an in-depth analysis of the current state of the real estate market in Ukraine, but also highlights critically important aspects that require attention from the state and society to overcome existing obstacles and create a stable and resilient real estate market.