MONITORING OF ACTIVITY IN THE DOMESTIC RESIDENTIAL REAL ESTATE MARKET DURING THE WAR PERIOD

Abstract

The article examines the status and trends in the residential real estate market in the pre-war and war periods. A critical review of scientific and informational developments on this issue is carried out. The state of the real estate market in the pre-war period is considered, and the direction of demand for housing is analyzed. Changes in consumer preferences for housing objects due to the war are outlined. Psychological factors influencing consumer behavior are considered. The growth and decline in consumer activity for housing objects in several regions of Ukraine are monitored. The Strategy of business activity of housing developers is explained. The revival of housing construction in the current conditions in regions far from hostilities is traced. The dynamics of prices for residential real estate in certain regions are substantiated and conceptualized. The author outlines several measures programmed by state-authorized bodies and is partially being implemented. An important place is given to supporting the implementation of several necessary reforms in institutionalizing the residential real estate market. Currently, real estate in Ukraine is a profitable but risky investment. Of course, any significant capital is highly wary of such facts. Government authorities have programmed and are partially implementing the concept of affordable mortgages and several real estate reforms. Investments, or investors, play an essential role in supporting the domestic real estate market. Investors are called upon to act as experts in monitoring the recovery of our country's residential real estate market. Now, the formation of a new system of market institutionalization is relevant for Ukraine. Real estate markets in most countries are less organized and efficient than those for other more liquid investment instruments. Individual real estate objects are unique and not interchangeable, which makes investment valuation less objective. Unlike other investments, real estate is fixed in a particular location and derives most of its value from that location. In the case of residential real estate, the perceived safety of the neighborhood and the number of services or amenities nearby can increase the property's value. For this reason, the state's economic and social policies should promote the population's welfare.