CONSTRUCTION INDUSTRY OF UKRAINE: CONSEQUENCES OF THE PANDEMIC AND PROSPECTS FOR FURTHER DEVELOPMENT

Abstract

The article is devoted to the analysis of the functioning of the construction industry in Ukraine. The aim of the article is to analyze and assess the current state of the construction industry of Ukraine, the financing of state housing programs and compare on this basis the domestic construction sector with European trends in real estate. The study found that the biggest decline in 2020 was in the housing construction sector, while the volume of construction of non-residential buildings has not changed, and the construction of engineering structures is even ahead of the pace of 2019. It is established that in 2020 the trend of reducing funding for public housing programs, including the program «Mortgage Available 7%», launched in March 2021. It was established that in most EU countries the mortgage rate does not exceed 3%, which is much lower than the preferential 7% in Ukraine. It was found that industry expects rising prices for construction products, coinciding with the European trend housing prices. Thus, the pandemic 2020 posed several challenges to the construction industry, but also opened new prospects for further development of the industry: new materials, 3D printing, information modeling technology, decarbonization, energy efficiency. And Ukraine has every chance not to stay away from the latest trends in the construction industry. Domestic construction companies do not stay away from the latest technological trends in real estate. Thus, changes to the Procedure for developing project documentation for the construction of facilities that allow the use of VIM technology have come into force. This opens extremely wide opportunities for designers. In Ukraine, there are projects where the principle of mixed-use development is implemented – a combination of residential, commercial, and industrial sectors in one space, energy-efficient technologies are increasingly used, and some new buildings are certified according to BREEAM, LEED and ActiveHouse standards, combining environmental friendliness, energy saving and comfort. Keywords: construction industry, housing construction, financing of state housing programs, mortgage lending, level of dwelling prices.