Privatization of Home Ownership in Ukraine

Abstract

This study sought to investigate the implications of the privatization of home ownership in Ukraine from 1990-2010. To this end, content analysis and Critical Discourse Analysis (CDA) was employed as data collection method. Moreover, the research sought information on the housing trends in the country as well as patterns of private home ownership. The study relied on publications and documents on the housing and real estate sectors in the region. From the information that was accessed, theThe study established that home ownership is managed poorly and that the supply of housing facilities, especially in urban areas, does not match its demand. Thus, privately-owned houses in Ukraine are generally expensive, an aspect that raises the cost of living in the country. The study also established that mortgage prices are generally high, making it difficult for low and middle-income earners to secure houses in Ukraine. The population of Ukraine, as well as that of UNECE countries, spends upwards of 40% of their disposable income on housing, thereby demonstrating inherent problems caused by the privatization of home ownership in the country.