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<p>The work presents an analysis of the housing construction market in Ukraine. An economic and mathematic model was built to determine that the growth of the volume of housing construction in Ukraine had a positive impact on its GDP, due of a close relation between the two values. It is important to identify factors influencing the volume of housing construction. The obtained results prove that the greatest impact is made by consumer income, deposit rates in foreign currency, and the amount of consumer loans for buying, building and reconstruction of real estate assets; the numbers of marriages, investments in housing construction and interest rates for mortgage credits in UAH also have a significant impact. The elasticity coefficients reveal a positive impact of such factors as an increase of consumer income, growth of investments in housing construction, reduction of interest rates for mortgage credits and deposit rates in foreign currency, reduction of the amount of consumer loans for buying, building and reconstruction of real estate assets, and reduction of the number of marriages. Further development of the housing construction market requires appropriate conditions for the development of the banking sector in Ukraine and the growth of investments in the studied industry.</p>
</abstract>

The work presents an analysis of the housing construction market in Ukraine. An economic and mathematic model was built to determine that the growth of the volume of housing construction in Ukraine had a positive impact on its GDP, due of a close relation between the two values. It is important to identify factors influencing the volume of housing construction. The obtained results prove that the greatest impact is made by consumer income, deposit rates in foreign currency, and the amount of consumer loans for buying, building and reconstruction of real estate assets; the numbers of marriages, investments in housing construction and interest rates for mortgage credits in UAH also have a significant impact. The elasticity coefficients reveal a positive impact of such factors as an increase of consumer income, growth of investments in housing construction, reduction of interest rates for mortgage credits and deposit rates in foreign currency, reduction of the amount of consumer loans for buying, building and reconstruction of real estate assets, and reduction of the number of marriages. Further development of the housing construction market requires appropriate conditions for the development of the banking sector in Ukraine and the growth of investments in the studied industry.

Determinants of Housing Construction in Ukraine

Department of Business-administration, Marketing and Management

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Determinants of Housing Construction in Ukraine"}

The work presents an analysis of the housing construction market in Ukraine. An economic and mathematic model was built to determine that the growth of the...

Determinants of Housing Construction in Ukraine

Online veröffentlicht: 22. Sept. 2022

Seitenbereich: 1 - 11

DOI: https://doi.org/10.2478/remav-2022-0017

Schlüsselwörter
housing construction market in Ukraine, consumer income, investments in housing construction, banking sector

© 2022 Оlena Bochko et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Determinants of Housing Construction in Ukraine

Online veröffentlicht: 22. Sept. 2022

Seitenbereich: 1 - 11

DOI: https://doi.org/10.2478/remav-2022-0017

Schlüsselwörterhousing construction market in Ukraine, consumer income, investments in housing construction, banking sector

© 2022 Оlena Bochko et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Schlüsselwörter
housing construction market in Ukraine, consumer income, investments in housing construction, banking sector