FINANCIAL LEVERAGES OF THE REGULATION OF RESIDENTIAL CONSTRUCTION
The increasing level of population coverage with housing has traditionally been among the most relevant and challenging issues for the national economy of Ukraine. The military conflict, now in its second year, is changing the priorities of the public housing policy and requiring the search for new...
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| Format: | Article |
| Language: | English |
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FINTECH Alliance LLC
2023-04-01
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| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
| Subjects: | |
| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/4040 |
| _version_ | 1797701792459390976 |
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| author | Valeriia Prokopenko Ihor Biletskyi Tetiana Vlasenko |
| author_facet | Valeriia Prokopenko Ihor Biletskyi Tetiana Vlasenko |
| author_sort | Valeriia Prokopenko |
| collection | DOAJ |
| description |
The increasing level of population coverage with housing has traditionally been among the most relevant and challenging issues for the national economy of Ukraine. The military conflict, now in its second year, is changing the priorities of the public housing policy and requiring the search for new efficient methods of restoring the lost housing stock and regulating housing construction. The article addresses the volume of capital investment in residential construction in Ukraine and explains the financial framework for residential construction regulation. World best practices in the use of financial instruments in the regulation of the industry are systematized. The authors' view of the system of financial leverage of residential construction regulation is offered. The analysis of the housing affordability indicators shows that the average household income is insufficient to purchase housing and repay a mortgage. Meanwhile, the research indicates that a mortgage is one of the most common financial instruments for the purchase of housing for Ukrainians. The analysis of the level and dynamics of mortgage interest rates shows that they are 4.6 times higher in the euro than in the EU countries. The study of modern housing practices in Ukraine emphasizes the need to introduce new principles of sustainable financial regulation in residential construction. The article substantiates a set of these principles and recommends their implementation. The assessment of modern realities and consequences of hostilities in Ukraine reveals significant losses of housing stock (about 40%) and the need to change the priorities and tasks of public housing policy. An examination of the country's recovery and post-war housing programs allows the identification of the principles of transparency, openness, inclusivity, energy efficiency, resource efficiency, and sustainability as key strategic priorities in financial regulation.
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| first_indexed | 2024-03-12T04:40:52Z |
| format | Article |
| id | doaj.art-43ab54dc8ff8472a9c7fe5ca4f5079e5 |
| institution | Directory Open Access Journal |
| issn | 2306-4994 2310-8770 |
| language | English |
| last_indexed | 2024-03-12T04:40:52Z |
| publishDate | 2023-04-01 |
| publisher | FINTECH Alliance LLC |
| record_format | Article |
| series | Фінансово-кредитна діяльність: проблеми теорії та практики |
| spelling | doaj.art-43ab54dc8ff8472a9c7fe5ca4f5079e52023-09-03T09:39:48ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702023-04-0124910.55643/fcaptp.2.49.2023.4040FINANCIAL LEVERAGES OF THE REGULATION OF RESIDENTIAL CONSTRUCTION Valeriia Prokopenko0Ihor Biletskyi1Tetiana Vlasenko2D.Sc. in Economics, Professor of the Department of Economics and Management, V.N. Karazin Kharkiv National University, Kharkiv, Ukraine; Visiting Professor at IMT Institute for advanced studies Lucca, ItalyPhD in Technical Sciences, Head of the Educational and Scientific Institute of Energy, Information and Transport Infrastructure, O. M. Beketov National University of Urban Economy in Kharkiv, Kharkiv, UkraineD.S. in Economics, Professor, Head of the Enterprise Economics and Business Organization Department, Simon Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine The increasing level of population coverage with housing has traditionally been among the most relevant and challenging issues for the national economy of Ukraine. The military conflict, now in its second year, is changing the priorities of the public housing policy and requiring the search for new efficient methods of restoring the lost housing stock and regulating housing construction. The article addresses the volume of capital investment in residential construction in Ukraine and explains the financial framework for residential construction regulation. World best practices in the use of financial instruments in the regulation of the industry are systematized. The authors' view of the system of financial leverage of residential construction regulation is offered. The analysis of the housing affordability indicators shows that the average household income is insufficient to purchase housing and repay a mortgage. Meanwhile, the research indicates that a mortgage is one of the most common financial instruments for the purchase of housing for Ukrainians. The analysis of the level and dynamics of mortgage interest rates shows that they are 4.6 times higher in the euro than in the EU countries. The study of modern housing practices in Ukraine emphasizes the need to introduce new principles of sustainable financial regulation in residential construction. The article substantiates a set of these principles and recommends their implementation. The assessment of modern realities and consequences of hostilities in Ukraine reveals significant losses of housing stock (about 40%) and the need to change the priorities and tasks of public housing policy. An examination of the country's recovery and post-war housing programs allows the identification of the principles of transparency, openness, inclusivity, energy efficiency, resource efficiency, and sustainability as key strategic priorities in financial regulation. https://fkd.net.ua/index.php/fkd/article/view/4040residential constructionregulation systeminstrumentshousing stocmilitary conflictmortgage |
| spellingShingle | Valeriia Prokopenko Ihor Biletskyi Tetiana Vlasenko FINANCIAL LEVERAGES OF THE REGULATION OF RESIDENTIAL CONSTRUCTION Фінансово-кредитна діяльність: проблеми теорії та практики residential construction regulation system instruments housing stoc military conflict mortgage |
| title | FINANCIAL LEVERAGES OF THE REGULATION OF RESIDENTIAL CONSTRUCTION |
| title_full | FINANCIAL LEVERAGES OF THE REGULATION OF RESIDENTIAL CONSTRUCTION |
| title_fullStr | FINANCIAL LEVERAGES OF THE REGULATION OF RESIDENTIAL CONSTRUCTION |
| title_full_unstemmed | FINANCIAL LEVERAGES OF THE REGULATION OF RESIDENTIAL CONSTRUCTION |
| title_short | FINANCIAL LEVERAGES OF THE REGULATION OF RESIDENTIAL CONSTRUCTION |
| title_sort | financial leverages of the regulation of residential construction |
| topic | residential construction regulation system instruments housing stoc military conflict mortgage |
| url | https://fkd.net.ua/index.php/fkd/article/view/4040 |
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