Development of the Real Estate Market in the Republic of Moldova Influenced by the Military Conflict in the Region

Abstract

The real estate market is a generator of economic growth for the whole country, as real estate attracts significant investments, stimulates construction activity and creates jobs. It contributes to the development of infrastructure and ensures the dynamics of the country's macroeconomic development, while strengthening economic stability and creating the conditions for long-term sustainable growth. Research and analysis of real estate market development trends provide a clear picture of the current situation, as well as an updated and adapted perspective in response to changes within the sector. Over the last few decades, the real estate market has become increasingly complex, constantly evolving and facing numerous challenges and influences, including economic factors, demographic shifts, technological innovations and changes driven by various local and international phenomena. The military conflict between Russia and Ukraine is one of the events that have recently affected this sector is, and caused regional instability, disrupted economic flows, and influenced the evolution and development of the real estate market. Therefore, this study aims to examine the impact of the military conflict in the region on the real estate market in the Republic of Moldova, using information about the complexity and dynamics of the market in recent years to provide a clear perspective on the structural changes, risks and opportunities that have arisen in the context of the conflict, and to identify possible scenarios and strategic visions for its development. UDC: [330.34:334.72(478)]:355.018(477); JEL: M31, M37, R21, F51.