Analysis of financial aspects of implementation of construction processes in Ukraine in 2010-2021

Abstract

Economic analysis of the field of housing construction indicates a certain specificity of its functioning in Ukraine, which is primarily related to the lack of opportunities for developers to invest their own resources in this construction and the need to attract financing at the early stages of the construction of residential real estate objects. The results of the empirical analysis of the dynamics of housing construction financing indicate that the main source of this financing is public funds (from 55% to more than 73% of the total volume of housing construction investments, depending on the year of their implementation). The insufficient level of quantitative and qualitative provision of housing for Ukrainian citizens provokes a constant demand for residential real estate objects, which in turn stimulates the development of housing construction. An analysis of the dynamics of residential real estate commissioning volumes and the amount of capital investments in residential buildings indicates a steady growth of these indicators over the past 10 years, with the exception of the crisis years of 2014 and 2020, in which there was a general decline in the national economy (2014 ) or even the global (2020) economy, caused by extraordinary circumstances (the Revolution of Dignity and the coronavirus epidemic). However, in subsequent years after these crises, the amount of capital investment in residential construction continued to grow.