THE INFLUENCE OF THE REAL ESTATE MARKET ON TRENDS IN THE ECONOMY OF WORLD COUNTRIES AND UKRAINE
Abstract
The article reveals the features of development of the real estate market in relation to the dynamics of economic processes. The main goal of the study is to establish the impact of real estate markets on changes in the economy of the world countries and Ukraine. A critical analysis of the scientific approaches of scientists in relation to solving the problem of increasing investment attractiveness and further economic growth revealed that the content of their scientific publications basically reveals the importance of decision-making processes in the field of real estate transactions, as well as the study of markets in particular. However, the study of changes related to the formation of the investment attractiveness of real estate markets are revealed, but it also overlooks a deeper study of the impact of the real estate market on trends in the economy of countries around the world and Ukraine. The relevance of the presented scientific problem lies in the need to study the prospects of investing capital in immovable assets based on the establishment of trends in the development of real estate markets, as well as determining the impact of the real estate market on trends in the economy of a country or a group of countries. The methodological basis of the research is a set of methods used to obtain the final results: tabular, analytical and comparative - when forming a rating of the investment attractiveness of the countries in the world for foreign investors; abstract and logical, regression analysis - to reveal the relationship between the development of the real estate market and trends in the economy of the countries in the world and Ukraine; generalization - when summarizing conclusions based on research results. The object of the research is the global real estate market as a set of national markets, which differ significantly from each other in terms of asynchrony of development, investment volumes, the level of real estate prices and the risks that accompany their formation. The article reveals the main results of the application of scientific research methods to establish the relationship between the development of real estate markets and the dynamics of economic processes. The results of the research are applied in nature and have practical value when justifying the choice of real estate as an investment object.
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