Economic aspects of land use in the Kyiv and suburban areas

Abstract

In the article, the author has focused on analyzing the current state of land use by types of enterprises’ economic activity, regional economic and financial data to propose a new robust model for cost-effective land use planning for commercial and non-commercial enterprises. The research results can serve as an important material for the decision-making process on how to develop the land and the city areas in the context of new global economic development. It provides extensive overview of existing land use trends for Kyiv city based on analytical data and scientific assumptions. The author believes that this research will be beneficial for government organizations, local government authorities, international organizations, private institutions, and researchers. The goal of the research paper is to build a solid scientific model based on a general understanding of underlying economic challenges of efficient land use considering past data, short-term and long-term planning. The paper has an overview of city planning documentation and city statistical data in the context of real estate, urban population, economic data, including research of real estate and currency exchange rate data to median salary in Kyiv starting from the 2000s. It is important not to put too much focus on the existing models and systems, as they rely too much on the assumptions and complicated calculations that are hard to make use of in real-world planning. Instead, we build our research on real-world data and developed a forecast for the size of investment in land use, average real estate prices for the next 5 years. The paper noted an existing problem of inconsistency of the existing norms and regulations in Ukraine concerning rational and effective land use and planning, especially for local authorities and commercial organizations. The author substantiates why the economy in the context of urbanization needs a new look. The paper uses the planning of Kyiv city. It is a suitable example of a developing city, so the proposed model can be developed based on the city’s economic and land use data. This research can help solve the existing problems of urbanization in Ukraine and have a positive impact on the economic development of the city and the region.