Impact of land market development on financial stability and social security level in territorial communities

The article reveals the peculiarities of the development of the land market in Ukraine and its impact on the socio-economic state of society in general and territorial communities in particular. Understanding the impact of the land market on regional development is vital in today’s challenging environment. Land of various purposes, in the communal ownership of territorial communities, is one of the most essential resources in today’s conditions. Since the moratorium on the sale of agricultural land was lifted, the land market in Ukraine has significantly revived and provided new opportunities for the development of territories. Renting land plots, selling property, and privatizing can become important sources of income for communities. In particular, the community budgets receive the following taxes related to agricultural land: land tax, rent for communal land, a single tax for agricultural producers, and tax on the income of individuals received from the lease or sale of land plots. Thus, in modern conditions, the development of the land market has a significant impact on the prospects of financial stability and social security in territorial communities. Therefore, the proper development of the land market will contribute not only to the economy but also to the social development of the regions of the state. An assessment of the development possibilities of the domestic land market in the context of the socio-economic development of the territories was carried out. Unlocking the potential of the land market can lead to an influx of investments, improvement of transport and social infrastructure, creation of new jobs, improvement of people’s living standards, and promotion of regional development. The introduction of the land market and further legalization of land transactions are positive factors for developing land relations in the country. However, today, land reform is at the stage of establishing accurate and stable market relations in agricultural land circulation, which is an integral part of this process. Despite numerous restrictions, the land market is currently functioning, which, in turn, contributes to the creation of an attractive investment environment. Therefore, constructive steps for further developing Ukraine’s land market to increase the efficiency of this process and strengthen the financial stability and capacity of territorial communities have been substantiated. Keywords: land, land market, territorial communities, financial sustainability of territorial communities.