Content Description of the Functioning of Regional Real Estate Markets
Journal Title: Економічний часопис Східноєвропейського національного університету імені Лесі Українки - Year 2017, Vol 1, Issue
Abstract
In article scientific approaches to the essence «of the regional real estate market», worked out a considerable number of scientific publications standardized basic provisions and statements regarding meaningful definition of «local real estate market». The structure and subjective engagement in regional real estate markets, describes the organizational and economic mechanism of its operation. The proposed specific approaches to the regulation of real estate markets based on their regional characteristics. In conditions of deepening subject relations and market transformation process is systematic grouping of markets in national, regional and global scales. The smallest regional market system is the grouping of certain activities, goods and their institutional support. One of the important features of the regional grouping is the real estate market, whose facilities are an important component of national wealth and is characterized by the specificity of regulation and interaction between actors. The establishment and effective functioning of regional real estate markets is the key to successful development of local and regional governance, and prosperity of the region as a whole. Despite all investments in real estate remains one of the reliable ways of economic actors. Payback period of investment in commercial real estate in Ukraine is 4-7 years, whereas in Europe 10-20 years, and that significant benefits. The risk is relatively low due to the unlimited lifetime of the building. Based on the analysis should consider the following suggestions, which significantly affect the activities of regional real estate markets, namely to reduce the construction time to improve the quality of residential or commercial conditions, reduce operating costs, energy and environmental pollution; use alternative national (cheap) building materials and innovative technologies to reduce the cost of 1 sq. m. of housing; creating a single information base of the market; operation of a special fund reserve and guarantee of the existence of housing; standardize approaches to assessing real property (real estate) within functioning regional real estate markets.
Authors and Affiliations
Kostyantin Pavlov
Keywords
Related Articles
- EP ID EP408850
- DOI 10.29038/2411-4014-2017-01-102-109
- Views 154
- Downloads 0
Investment Analysis in Financial Management
In the article the research of interrelation investment analysis and modern financial management. Analyzed theoretical approaches to the definition of an investment analysis across using methods of analysis of investment...
The Impact of Competitive Relations to Regional Real Estate Markets in Terms of Institutional Support
In the article the research of institutional support regional real estate markets in a competitive and determined their subjects according to the criteria of distribution are analyzed factors influence the institutional...
CONCEPTUAL BASES OF CORPORATE SECURITY OF THE ENTERPRISES
The history of the emergence and development of corporations has long historical roots, but in Ukraine only the first steps have been taken, which are designed to contribute to the spread of this most effective form of b...
Social Policy of Ukraine: State and Prospects
In the article «Social policy: the state and prospects of development» Dmitry Valerievich Makhovskiy, the modern state of the social sphere, the regulatory and legal framework, the influence of various factors and instit...
Theoretical Aspects of Tourist Clusters as Determinants of Socio-economic Development of the Region
In the article the theoretical approaches to the category «tourist clusters» were made, the synergetic and complementary effects from the existence of the tourist cluster in the region were clarified, examples of cluster...