State regulation of investment activities in housing: risk -preventive approach
Abstract. The study noted that one of the issues of the socio-economic development of the national economy is the strengthening of state regulation and stimulation of investment activities in housing construction, taking into account the chosen form of investment. The analysis of investment activity in housing construction has shown that in recent years the share of capital investment in housing construction in the total investment has decreased. At the same time, the structure of sources of investment in housing construction has practically not changed. It was determined that the main investor in housing construction are individuals – residents. Due to the deterioration of the investment climate in the country, foreign investors in 2020 completely disappeared from the Ukrainian housing construction market. These conclusions confirmed the authors' opinion about the high riskiness of investment activity in housing construction and the aggravation of problems with sources of investment.
Therefore, we consider it necessary to strengthen state regulation and stimulate investment in housing construction through the intensification of state participation not only as a legislative entity, but as an investor, customer, lender, guarantor in the investment process, taking into account the chosen form of investment.
The study determined that depending on the chosen form of investment activity in housing construction, the place of the state in this process, the load with possible risks is also determined. Among the many types of risks, the majority are risks associated with the human factor, with changes in the economic and political situation in the country, etc. Therefore, in order to prevent the identification and elimination of the risks of investment activity in housing construction, the use of a risk-preventive approach is proposed, which has a number of advantages, including a significant reduction in resource costs in the process of investment activity.
Key words: government regulation, housing construction, risk-preventive approach, investment activity.