Determinants of Housing Construction in Ukraine

Bochko Оlena (), Kosar Nataliia (), Kuzo Nataliia (), Bilyk Iryna () and Zarichna Olena ()
Additional contact information
Bochko Оlena: Department of Marketing and Logistics, Lviv Polytechnic National University, Ukraine
Kosar Nataliia: Department of Marketing and Logistics, Lviv Polytechnic National University, Ukraine
Kuzo Nataliia: Department of Marketing and Logistics, Lviv Polytechnic National University, Ukraine
Bilyk Iryna: Department of Marketing and Logistics, Lviv Polytechnic National University, Ukraine
Zarichna Olena: Department of Business-administration, Marketing and Management Uzhhorod National University, Ukraine

Real Estate Management and Valuation, 2022, vol. 30, issue 3, 1-11

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.

Keywords: housing construction market in Ukraine; consumer income; investments in housing construction; banking sector (search for similar items in EconPapers)
JEL-codes: C50 R31 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/remav-2022-0017 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:30:y:2022:i:3:p:1-11:n:8

DOI: 10.2478/remav-2022-0017

Access Statistics for this article

Real Estate Management and Valuation is currently edited by Sabina Zrobek

More articles in Real Estate Management and Valuation from Sciendo
Bibliographic data for series maintained by Peter Golla ().