Abstract
The development of the Ukrainian real estate market correlates with the general trends of macroeconomic processes in the country and its regions. The article defines the economic and financial elements, features and functions of the regional real estate market of Ukraine. It is found that the regional real estate market is a set of organizational and economic relations, a means of land redistribution, buildings, structures and other property between owners and users economic methods based on competitive demand and supply in the territory of region (area). The basis of the regional real estate market is existing land, buildings and structures for various purposes, as well as money or financial capital. According to the research results, the regional real estate market in Ukraine as a self-regulatory system consists of seven basic economic and financial elements, namely: demand, supply, price, management, marketing, infrastructure and business procedures. The basis of the regional real estate market is the existing land plots of region and the newly created ones, reconstructed and expanded enterprises, buildings and constructions of different purpose, as well as money or financial capital. The features of the regional real estate market are follow: market localization, real estate transactions are exclusive and confidential, demand is determined by their location, low elasticity of supply, high degree of market state regulation by legislative norms, real estate market serves as an object of investment, there was a small variability in demand by regions, districts and districts. The regional real estate market has a great impact on all aspects of people's lives and activities, performing a number of general and special functions. The functions of the regional real estate market include setting of equilibrium prices, information, regulation, commercial, sanitation, redistribution, intermediary, stimulating, investment, social. Further research should be conducted in the context of identifying regional features of the real estate market.
Highlights
Розвиток українського ринку нерухомості корелює з загальними тенденціями макроекономічних процесів в країні та її регіонах
The scientific and educational literature contains a number of publications on the functioning of the regional real estate market, which show the different accents and problems
The regional real estate market is a set of organizational and economic relations, a means of land redistribution, buildings, structures and other property between owners and users economic methods based on competitive demand and supply in the territory of the region [5]
Summary
Розвиток українського ринку нерухомості корелює з загальними тенденціями макроекономічних процесів в країні та її регіонах. Основу регіонального ринку нерухомості складають існуючі земельні ділянки регіону та новостворювані, підприємства які реконструюються та розширюються, будівлі і споруди різного цільового призначення, а також гроші чи фінансовий капітал. The regional real estate market is a set of organizational and economic relations, a means of land redistribution, buildings, structures and other property between owners and users economic methods based on competitive demand and supply in the territory of the region (region) [5] It provides through the mechanism of state regulation: transfer of the real estate rights from one person to another; setting equilibrium prices for the real estate in regions and localities; the relationship between the owners and buyers based on economic motivation and interests; the division of space between competing land use options and market actors
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