The Current Status of Competition in the Primary Real Estate Market of the City of Kyiv
Journal Title: Бізнес Інформ - Year 2016, Vol 4, Issue
Abstract
The article is aimed at studying the status of competition and the competition environment in the primary real estate market of the city of Kyiv. Approaches and indicators for analyzing the degree of market concentration have been considered. Particular attention has been paid to the characteristics of establishment of the real estate market. Conditions for functioning of the real estate market within the system of economic relations have been provided. It has been determined that establishment and development of the primary real estate market is a process of regulating the needs of society, which in turn causes market participants consistently implement the most efficient production methods, offer new concepts, perform work in the new segments of economy. The percentage of developers in the primary real estate market of Kyiv, the entropy value for the market particles, the market concentration ratios, as well as the index of Jeannie have been calculated and analyzed, allowing to draw a conclusion about a moderate concentration in the primary real estate market of city of Kyiv with impossible sole monopolization.
Authors and Affiliations
Oleksandr Miniailo, Anna Burian
Keywords
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