Abstract

This article presents the results of investigation the general approaches to real estate market analysis. The attemption of economic analysis of the Ukrainian real estate market was made. The authors assumed the importance of applying the main provisions of the general theory of markets in the economic analysis of the real estate market. The key factors affecting the demand in the real estate market are identified. They include the general level of well-being (income) of citizens, the equality/inequality of income distribution in society, the level of liquidity and profitability of the alternative to real estate another assets, conditions of bank lending for purchasing real estate, methods (algorithms , instruments, rules) of valuation the real estate, dynamics of the national currency exchange rate, activity of market agents who work on behalf of buyers. Identified key factors affecting supply on the real estate market, including: economic potential of construction and development companies, price level for construction materials and repair work, conditions of bank lending to developers and investors, methods (algorithms, instruments, rules) real estate objects evaluation, dynamics of national currency exchange rate, the activity of market agents who work on behalf of real estate sellers. Objective reasons for state regulation of the real estate market are singled out. The dynamics of the indicator of the number of transactions on the Ukrainian real estate market were analyzed and the fact of cyclical changes of this indicator under the influence of the psychological factor was clarified. The dynamics of changes in the general level of prices on the Ukrainian market were studied and the fact of a certain stability in changes of the price rate growth was clarified. Some problems of real estate market analysis related to the lack of statistical information necessary for meaningful economic analysis of this market are outlined.

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