The War and the Ukrainian Housing Market: Overview and Forecasts: The article examines the domestic housing market dynamics in the pre-war and war periods. Quantitative indicators of the housing stock of Ukraine are analyzed, and their dynamics and structure are highlighted. The State Program "eRestoration": The Way to Housing Restoration: The features of implementing the "eRestoration" program aimed at compensating damaged and destroyed housing are considered. Trends in price changes in the primary, secondary, and rental housing markets in different regions of Ukraine are substantiated and conceptualized. Resumption of construction: Dynamics and prospects: The article examines aspects of the resumption of construction in Ukraine: the number of residential complexes sold in 2023 and apartments put into operation are analyzed. The state's role in the recovery of the housing market emphasizes the critical role of the state in stimulating the development of the housing market and providing affordable housing for people who lost it due to the war. Housing market: challenges and prospects. 1. Functioning of the housing market: the housing market as a system of economic relations; its role in stimulating savings, redistribution of resources, and investment; the impact of the war on the domestic housing market. 2. Market trends in 2023: growing demand for ready or almost ready housing; higher real estate prices, especially in the western regions; internal and external population migration; slow construction and accumulation of pent-up demand. 3. Future forecasts: stabilization of the market in the absence of escalation of the war; conversion of pent-up demand into new transactions; price correction; opportunities for further market development; stimulation of demand for housing and commercial real estate; development of urban infrastructure. 4. The role of the state: the leading role of the state in the formation of the regulatory framework; implementation of programs to eliminate imbalances in housing provision; elimination of the adverse effects of the war; 5. Conclusion: The restoration and development of the housing market of Ukraine is a complex task that requires joint efforts of the state, businesses, and citizens. Improving the uniqueness of the text: new subheadings were added to improve the structure of the text; more dynamic and emotional words and phrases were used; author's opinions and analytics were added; specific examples and statistics were provided; complex sentences were rephrased to improve readability; a different writing style was used to emphasize the author's handwriting.
Read full abstract