FEATURES OF DEVELOPMENT OF HOUSING IN LVIV IN THE CONTEXT OF CHANGES IN ECONOMIC AND POLITICAL SITUATION IN UKRAINE
Journal Title: ВІСНИК НАЦІОНАЛЬНОГО УНІВЕРСИТЕТУ “ЛЬВІВСЬКА ПОЛІТЕХНІКА”. Серія "Архітектура" - Year 2018, Vol 1, Issue 893
Abstract
Residential architecture is the most common type of building in Lviv. State declaration of work on adjusting to European standards of living, including reaching the mean values of population housing and permanent housing demand, will ensure the future relevance of this type of construction. For efficient formation of housing policies, reliable forecasting in housing construction and management, we need to analyze current trends in the housing market in Lviv and Ukraine in recent years. The author of this article examined the patterns of housing development in Lviv in recent years, highlighted the main reasons for this development, analyzed the availability of opportunities for further progression of this industry and involvement of foreign investors. The analysis showed a sharp increase in rates and volumes of housing construction in Lviv in 2008 and 2014-2015 which was significantly higher than predicted. The main factors that motivate people to invest money in real estate and led, despite the crisis, to the growth in housing construction are: 1) political; 2) economic (i. e crisis of 2008; instability of the banking system). More of the favorable factors to be mentioned here are: 1) social; 2) demographic; 3) economic (i. e availability of local construction companies, foreign investments); 4) legal factor. Investigation of the current state of the housing market showed that the city has enough conditions for intensive housing, including existing territorial resources, plenty of land plots offers, healthy competition in the market of housing, participation of foreign investors in the housing of Ukraine on the whole and Lviv in particular. There are some weaknesses though, such as: insufficient quality of the offered architecture and the reputation of local businesses that does not contribute to the development of their cooperation with foreign investors. Activation of foreign investors in residential construction of Lviv, though not acquired a massive scale, yet can lead to fundamental changes in the positioning of forces in the real-estate market of the city. This course of actions will positively affect the formation of a high-end residential city in all segments.
Authors and Affiliations
Andriy Pavliv
Keywords
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