RESEARCH ON REAL ESTATE APPRAISAL METHODS IN UKRAINE

Abstract

This article is dedicated to analyzing and addressing key issues related to the evaluation of real estate assets in the modern Ukrainian real estate market. Real estate appraisal is a critically important element for both property owners and investors, as well as for the overall economy of the country. The article identifies four main aspects of the problem: the lack of appraisal standardization, limited use of modern technologies, the absence of a centralized database, and the need to adapt the appraisal system to international standards. The absence of unified national appraisal standards leads to various methodological approaches and ambiguity in determining the market value of properties. Technological constraints, which hinder the use of modern tools such as artificial intelligence and data analytics, also pose a significant problem as they limit the objectivity of appraisals. The absence of a centralized database with transaction and real estate appraisal history complicates the analysis of the market dynamics. Additionally, the article emphasizes the importance of adapting the appraisal system to international standards to attract investments and enhance competitiveness in the international market. The article also provides examples of previous research and articles related to real estate appraisal in Ukraine, highlighting the relevance of this issue and the need for its resolution. In conclusion, the article offers recommendations for further research and addressing the identified problems in the field of real estate appraisal. Furthermore, the research provides a crucial overview of contemporary issues in real estate appraisal in Ukraine and aims to increase the objectivity and reliability of the appraisal process, which plays a pivotal role in the development of the country's real estate market.