Integral Indicators Based on Competitiveness Capacity Characteristics of Regional Real Estate Markets of Ukraine

Abstract

This article summarises the methodological approaches, principles, methods, and tools of scientific knowledge inherent in a single complex research model of regional residential real estate markets competitiveness (RREM). The development and implementation of the proposed model can provide a deep regional analysis of component imbalances, and the implementation of the methodological steps can foster the comparative and targeted analysis of Ukrainian regions. The methodological tools of this complex study of the country’s RREM as well as the strategic and tactical measures for its further regulation have been developed based on a comprehensive review of methodological principles and approaches. The basis of this study takes onto account general scientific and special knowledge of economic phenomena and processes. The scientific background developed was both empirical and theoretical. At the empirical level, observation, measurement, experiment and modelling were employed, while equal importance was placed on the special methodological principles involved. Achievement of the research goals required the use of such methods as: balance and index, decomposition, aggregation, analogous, logical, classification, ranking and extrapolation, expert evaluations and systematization along with a direct survey. In order to determine the level of regional housing market competitiveness, the implementation of future analytical assessments was carried out with regard to the following integrated factors: housing demand, housing supply, housing affordability, purchasing capacity of citizens, the region’s comfort level, as well as certain geographical and cultural features of the region.

Keywords

• competition
• competitiveness
• housing market
• housing
• residential property
• real estate in Ukraine
• integral indicator