Innovative Approaches to Determining the Monopolitisation Level of Regional Primary Residential Real Estate Markets of Ukraine

Abstract

In general terms, real estate market is a constituent of national econ-omy, embodying a lion's share of the world’s total wealth, and its stable func-tioning is one of the most complex market processes occurring in any state. Ukraine is currently experiencing the stage of forming a market system includ-ing the market of primary residential real estate. Due to constant demand for residential real estate, rather insufficient solvency of the population, and the disproportionality of certain regional primary residential real estate markets (RPRREM) development, the question of regional real estate markets’ competi-tiveness and their monopolisation level are extremely significant today. For the purpose of this in-depth study, a large number of statistical, administrative, governmental, and scientific sources elaborated by leading scientists in Ukraine and abroad were processed in order to determine the state of primary real estate market in the regions of the country. A number of measuring instruments for the monopolisation level (concentration) of regional primary residential real es-tate markets (RPRREM) were employed: the market concentration factor; the Herfindahl–Hirschman index; dispersion of market shares; entropy of market shares; the Gini index. The results of the study indicate that methodological ap-proaches were generalised by the authors, as well as specific tools and methods of scientific knowledge, which, in turn, were introduced into a unified model of research with further definition of the monopolisation level of regional primary residential real estate markets (RPRREM) of Ukraine.