Ukraine Case Study: Zapatrina, Doctor of Economics

Zapatrina, a Doctor of Economics from Ukraine, presents a comprehensive case study. Delve into the analysis and insights she provides on the economic landscape of Ukraine. Gain valuable knowledge and perspectives in this specialized field from an expert in the subject matter.

• Ukraine
• Case Study
• Zapatrina
• Economics
• Expert

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1. UKRAINE CASE STUDY I. Zapatrina, Doctor of economics Ukraine

2. Summary of housing sector development in Ukraine State Local Hostels, 0.4 budget; 1,3 budget; 0,7 Credit resourses; 23,1 Multi- appartmen t; 32,9 Enterprises 8,8 Individual; 66,7 Population, 68.9 2012, % Total 10, 749 ml sq. m. Per 1000 persons 235 sq. m. Total 7,7 bln USD Per person 169 USD

3. New developments in social housing in the last two years in Ukraine 2012 2013 (plan) Nb State programs Number of flats* Sq. meters, total State** financing, mln. USD Number of flats* Sq. meters, total State** financing, mln. USD 1 Interest rate decrease (13/3) 1233 70 600 0,8 2 000 135 200 37*** 2 Construction of affordable housing (30/70) 1222 83 200 19,4 700 45 500 11 3 Providing loans for youth 361 23 100 14,8 510 33 100 21 4 Gasification + individual building construction 3220 + 998 88 800 11,4 3 373 1 127 85 000 11,6 5 Housing for war invalids 225 11 200 7,8 220 11 000 9,3 6 SOCIAL HOUSING - - - - - - * - average square of apartment 59,8 sq., cost of 1 sq. m. 720 USD ** - state and municipal budgets *** - including payment for interest rates for 2012

4. Rental sector in Ukraine : structure of families % Comments Some of this families are shadow landlords Families, who have private housing 95,1 In this case landlords are state/municipal authorities. Some specialists believe that these housing could be referred to as social housing . But definition of social housing due to the law doesn t allow do this. Families, who live in state housing 2,3 In this case landlords are enterprises/firms. Some specialists believe that these housing could be referred to as social housing . But definition of social housing due to the law doesn t allow doing this. Families, who live in enterprises housing 0,2 It is official data. According to unofficial sources 12,7%. According to information of Real estate agencies only 20% of apartments in Kiev are rented officially Families - tenants 2,4

5. Rental sector in Ukraine : conditions for shadow rent housing market Indicator Value Number of sq. meters per person, sq. m. 22,3 Number of apartments per 1000 families 408 Average size of an apartment, sq. m. 50,8 Families, who have less than 13,65 sq. m. per person, % 41 Including families, who have less than 9 sq. m. per person, % 15,5 Including families, who have less than 7,5 sq. m. per person, % 9,1 Uneven distribution of housing among population Conditions for shadow rent housing market

6. Rental sector in Ukraine : supply side Accidental Half- Professional Landlords Comments professional In most cases private persons use for rent their own apartments/buildings constructed for themselves or as investment (when prices on housing grew faster then interest rates for deposits) Private persons In most cases are accidental landlords for not privatized housing (temporary) Public authorities They provide housing for their staff on temporary basis Enterprises/firms They have no own housing (in most cases) and are moderators in this process Real estate agencies

7. Rental sector in Ukraine : demand side Typology of tenants: Students Young families Divorced families Migrants (for temporary or constant work) RISCS Tenants Landlords The requirement to move out immediately Eviction without pay Increasing payment for rent Damage to the apartment, furniture Misconducting behavior

8. Operation on the private rental sector 1) No special regulations/demands to private sectors at the housing rental market 2) Activity of real estate agencies is under attention of the state 3) Problems between landlords and tenants are dissolving in court except for those which are at the shadow market 4) There are no risk management mechanisms at the housing rental market Public authorities are opted out from developing housing rent market including social housing. The only interest of the state to landlords taxation of their activity Interests of tenants are not protected at the state and municipal levels In the current situation it is impossible to use private rental stock for social purposes

9. THANK YOU FOR YOUR ATTENTION www.ukrppp.com Irina.zapatrina@gmail.com