THE WAYS OF REDUCING THE UNCERTAINTY AND RISKS ON THE DEVELOPMENT OF RESIDENTIAL PROPERTY MARKET IN UKRAINE
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 7, Issue 160
Abstract
This paper deals with the uncertainty as a part of the modern economic system, uncertainties factors and types are highlighted and analyzed. Existing approaches of scientist and economists to determine the essence of uncertainty are researched. The impact of uncertainty on the processes taking place on the residential property market in the national economy is revealed. The need to consider the market environment risks in order to ensure the stability and efficiency of the residential property market in the face of uncertainty is determined. It was proved that the uncertainty of macroeconomic situation in Ukraine triggered an increase of construction costs and interest rates on mortgage loans, changed conditions of mortgage loans, reduce an effective demand on housing, temporary stop its construction, and in consequent, led to stagnation on the domestic residential property market. An application of organizational and economic methods and legal tools in order to prevent risks negative effects and to minimize compensation costs in case of adverse circumstances are suggested.
Authors and Affiliations
Valerii Osetskyi, Marina Kovtun
Keywords
Related Articles
- EP ID EP404231
- DOI 10.17721/1728-2667.2014/160-7/12
- Views 71
- Downloads 0
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