CURRENT PROBLEMS OF STATE REGULATION OF INVESTMENT PROCESSES IN THE FIELD OF SOCIAL HOUSING IN EUROPEAN COUNTRIES

Abstract

Investing in social housing is an important part of the socio-economic recovery plan in several European countries immediately after the recent global financial crisis, which consequences have felt many countries. It has hit virtually all sectors of our country’s economy. Mainly the construction industry felt such a negative effect that once again necessitated the study of issues of state regulation of the socio-economic sphere.

In examining this issue in terms of economic and social growth and development, it is important to note the following major categories in the process of shaping and implementing effective social-oriented housing policies, such as objective and subjective housing affordability.

Objective affordability can be determined primarily by financial and economic indicators. For example, the number of years, the time it takes for different categories of citizens, with different incomes, to acquire their own living space. Increased objective affordability implies stimulating economic activity in the construction business, production of building materials, as well as regulating land relations, increasing the effectiveness of government interaction in the field of credit and tax policy.

Concerning the subjective affordability of housing, this is a more complex phenomenon. It is closely related to fundamental ideas about the quality of housing and the relationship between public authorities and individuals in the process of providing living conditions that meet the standards of a particular historical period and specific locality. At the same time, based on the experience of the European Union countries, we can say that they are able to provide both objective and subjective housing affordability through appropriate state measures. Therefore, research and analysis of experience in these countries do not lose their relevance.