Housing in Ukraine

This paper uses listings of residential real estate properties in Kiev, Ukraine to develop a picture of the principal underlying dimensions defining this market. It is possible to obtain valuable information about the structure of this important market from private sources. The paper reviews the history of the residential housing sector in Ukraine and explains the attributes real estate agencies use to characterize this market. The property listings provided by a private Kiev real estate agency are used to create a database for factor analysis. The results of the analysis are used to compare Kiev residential real estate with a study looking at housing dimensions in Canada and England. In light of the principal components of Kiev residential real estate, the authors present implications and suggest guidelines for decision makers in the industry.