The impact of war on the modern status of the real estate market in Lviv

Purpose. The purpose of the study is to analyse the land plot market, secondary and primary real estate markets in Lviv. The aim of the analysis is to identify the factors that influence the pricing policy of the real estate market, as well as to provide potential buyers and investors with an informative basis for making management decisions. Methodology. The analysis of the real estate market and information on transactions and objects in respect of which these transactions are concluded allows to calculate and analyse the typical price level prevailing in the market for a certain group of objects. To solve this problem, statistical indicators are used that characterise the entire set of observation units by measures of central tendency and variability (variation). The values of statistical indicators help to form a general idea of the market size, intensity of market processes and their change depending on specific conditions of place and time. These indicators provide the necessary basis for identifying the relationship between the price level and the characteristics of transactions and objects, respectively. Results. The analysis of the real estate market in Lviv has revealed a number of key trends and features. A study of the land market showed that land values vary significantly depending on geographical location, infrastructure, transport interchange and environmental conditions. The secondary property market in Lviv showed a steady increase in housing prices throughout the year, especially in the winter months. This indicates a stable demand for housing in the city, despite seasonal fluctuations. The analysis also revealed significant differences in apartment prices depending on the district. The primary property market in Lviv also demonstrates positive dynamics, with a moderate increase in prices for newly built properties throughout the year. Overall, the analysis of Lviv’s property market has revealed a steady positive trend in housing prices in both the secondary and primary markets. This indicates the high attractiveness of the city for investors and buyers, as well as the stable demand for housing in various market segments. Scientific novelty and practical significance. The scientific novelty lies in the formation of a free and transparent real estate market, identification of possible ways and prospects for its development. The secondary and primary real estate markets are part of a rather complex system, the equilibrium of which depends on a significant number of price-forming factors. Pricing in the real estate market develops naturally without the influence of administrative and command methods. The mechanisms of the real estate market should be subject to state regulation, not the process of pricing. The main function of the state is to control compliance with the law in the real estate market and ensure civilised rules of conduct on the part of market participants.