Structure of state regulation mechanisms in the real estate market

The article comprehensively examines the structure of state regulation mechanisms in the real estate market in the context of Ukraine’s current economic development and the challenges of global instability. It is argued that the real estate market is a specific object of state intervention due to its inherent market coordination deficiencies, particularly information asymmetry, low transparency of transactions, regional imbalances, and sensitivity to macroeconomic shocks. The theoretical foundations of the need for state regulation are considered through the concepts of “market failures” and the inability of market mechanisms to ensure the efficient allocation of resources. The main mechanisms of state regulation of the real estate market are systematized: regulatory, administrative, budgetary, financial, social, informational, and institutional. Their content, functional purpose, and implementation tools are characterized. It is noted that each mechanism plays a vital role in ensuring the real estate market’s stability, supporting fair competition, guaranteeing property rights, stimulating investment activity, and developing territories. The importance of adhering to the principles of fairness and consistency in applying state regulation mechanisms is emphasized, which implies the need to align regulatory measures with the goals of developing a competitive environment and ensuring equal conditions for all market participants. The key tasks of state policy in the field of real estate regulation were highlighted, including consumer protection, development of housing infrastructure, support for small and medium-sized businesses, stimulation of investment, and integration of the national real estate market into the global economic space. It is argued that an effective system of state regulation of the real estate market should be based on a balance between market and regulatory mechanisms, promote the growth of Ukraine’s economic competitiveness, and ensure sustainable socio-economic development in the face of modern challenges. Keywords: state regulation, real estate market, regulatory mechanisms, construction industry, investment, economic activity, construction, residential real estate, housing and utilities sector, competitiveness.