Modern Mechanisms for Financing the Housing Construction in Ukraine: Problems and Ways to Solutions

Bìznes Inform

Voznyak Halyna V.¹ 

[1] Institute of Regional Research named after M. I. Dolishniy of the NAS of Ukraine;

关键词: financing;    housing construction;    financial resources;    real estate;    financing mechanisms;   

DOI  :  10.32983/2222-4459-2019-8-111-116

来源: DOAJ

【 摘 要 】

Meeting the needs of the population in housing (or improving their living conditions) is part of the social policy of the State, and therefore the basic characteristic of quality of life. There is no noticeable progress in this direction from the part of the State, so the emphasis is shifting towards private investors. At this, the right choice of the mechanism of investment of funds is the key to obtaining the desired residential real estate. The article is aimed at analyzing and systematizing the features of the existing financing mechanisms for housing construction in Ukraine, as well as defining the directions of their improvement in the context of the changes in the country's financial-economic system. The existing mechanisms for financing housing construction in Ukraine are researched, their features are highlighted, advantages and disadvantages are provided. The result is a proposed scheme, which allocates: construction financing funds, trust bonds, real estate funds, and joint investment institutions. It is demonstrated that in recent years the financing mechanism with forward contracts has become particularly popular in Ukraine. Uncertainty and significant financial risks for the investor in the case of financing the construction of housing by signing contracts for the purchase and sale of real estate or property rights are specified. As a result of the carried out research, the author identifies directions and substantiates a number of measures that could improve the financing of housing construction in Ukraine, namely: deepening cooperation with international financial organizations; development of public-private partnerships; popularization of local programs of housing construction (at least for preferential categories of the population). It is noted that in Ukraine today there is no mechanism for financing the housing construction, which would completely protect the investor from the risks of loss of real estate or funds paid for it.

【 授权许可】

Unknown