Round Table:

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Round Table Towards Sustainable Real Estate
Markets in Ukraine Kiev, assembly hall of the
State Committee of Ukraine June 18, 2010
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Organizers
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Its useless to fight against external crisis as
it doesnt care whether you fight it or not
Struggle against internal crisis is much better
its prophylaxis is a normal state of a manager
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Participants of the round table
56 participants 20 representatives of mass
media Speakers - Deputy Chairman of State
Committee of Ukraine on Regulatory Policy and
Entrepreneurship (Yatsishina Galina) - Director
of department Civil Law and Entrepreneurship
(Zavalna Inna) - Director of Investment
Department of the State Agency of Ukraine of
Investments and Innovations (Lukach
Rostislav) - People's Deputy of Ukraine (Igor
Prasolov) - Chairman of the Legislation Committee
realtor Chamber of Ukraine (Victor Nesin) -
Member of the Council of the Society of
Appraisers in Ukraine (Natalia Lebed) - Executive
Director of the Construction Chamber of Ukraine
(Vasiliy Kravchenko) - President of Union
crisis-managers of Ukraine (Paul Mihiylidi) -
First Vice-President of the Union real estate in
Ukraine (Igor Odnopozov) - Ex-President of the
Professional Association of financial companies
stewards in Ukraine (Gavrysh Larisa) - Deputy
Chairman of State Committee of Ukraine on
Regulatory Policy and Entrepreneurship (Svischeva
Svetlana)
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Dispensing material
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Dispensing material
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PRINCIPLES
Principle 1 Integrated legal framework An
integrated national legal system should be
established and harmonized with the existing
regional and international norms for the real
estate sector. Technical reference frameworks
should be set for the application of
regulations in order to promote the proper
functioning of the real estate market. In
addition, a legal framework for land and land use
should be available at the national
level. Principle 2 Efficient land register and
cadastre The security of real estate
transactions should be enhanced by identifying
and protecting property rights through the
establishment of an efficient system for the
registration, cataloguing, classification and
updating of real property data, based on
up-to-date land registry and cadastre
records. Principle 3 Efficiency of services
An efficient and transparent real estate market
has to be consistent with legal and voluntary
regulations, international standards, ethical
rules and best practices. Principle 4
Prerequisites for development of sound real
estate markets A well-developed real estate
sector contributes to the conversion of unused or
underused resources into productive
capital, hence increasing employment
opportunities and reducing poverty. Principle 5
Good governance Governments need to develop
integrated policies for decision making. In order
to create sound business climate and
foster more stable real estate markets, these
should be based on unambiguous financial
and investment rules.
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PRINCIPLES
Principle 6 Sustainable financing Access to
credit and mortgages as well as microfinance for
low-income earners are essential elements
of a healthy real estate market. Principle 7
Transparency and advanced financial products
Transparency and appropriate valuation of real
estate assets used as collateral for
advanced financial products can produce social
and economical benefits and reduce the
probability of future financial
crises. Principle 8 Property valuation
Property appraisal criteria based on commonly
shared valuation standards should be promoted, as
it is essential to purchasing and selling
activities, access to loans and the application
of equitable taxation. Principle 9
Social housing Social housing should be
considered as an integral part of the real estate
market, as means to promote economic growth,
urban development, reduction in housing pressure,
and as a policy option to address the
problem of informal settlements. Principle 10
Training and capacity-building To guarantee
an efficient real estate market with high quality
professional services and building products,
investment should be made in training, upgrading
and continuous professional development for
all those who, in their various functions, are
involved in the housing supply chain.
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Banquet. Meeting of the members of FIABCI
Ukraine with the president of the International
Real Estate Federation FIABCI, the
representatives of the government of Ukraine and
the representatives of public organizations of
Ukraine.
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The result of the first working table was
creation of a working group the main task of
which is to adopt a plan of actions on the
realization of recommendations that were
mentioned in the document POLICY FRAMEWORK FOR
SUSTAINABLE REAL ESTATE MARKETS Principles and
recommendations for the development of countrys
real estate sector
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The working group includes representatives of
authorities and public organizations.
Chairman of the working group Brodskiy
Mihail The working group 1. Ministry of justice
of Ukraine. 2. Ministry of regional development
and construction of Ukraine. 3. Ministry of
housing and utilities of Ukraine. 4. State
committee on natural resources of Ukraine. 5.
State committee on statistics of Ukraine. 6.
National bank of Ukraine. 7. State property fund
of Ukraine. 8. The state agency of Ukraine for
investment and development. 9. Ministry of
finance of Ukraine. 10. Council of the Society of
Appraisers in Ukraine (Natalia Lebed). 11.
Executive Director of the Construction Chamber of
Ukraine (Vasiliy Kravchenko). 12. Ex-President of
the Professional Association of financial
companies stewards in Ukraine (Gavrysh
Larisa). 13. Chairman of the Legislation
Committee realtor Chamber of Ukraine (Victor
Nesin). 14. Chairman of the National Council of
Realtor Chamber of Ukraine (Alexandr
Bondarenko). 15. President of FIABCI-Ukraine
(Telman Abbasov). The aim of the working
group To prepare the plan of work on stages of
providing recommendations Policy framework for
sustainable real estate markets in Ukraine till
the 29th of September 2010.
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EVERYBODY FALLS DOWN. WINNERS STAND UP QUICKER.
ICHAK ADIZES
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THANK YOU FOR YOUR ATTENTION