Apartments in Kiev podesheveli 50 %. - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

Apartments in Kiev podesheveli 50 %. - News about real estate, Kiev, Kyiv region. Real Estate In UkraineIn October on the secondary market apartments were sold in less than half, compared to the same period last year.New housing is almost no demand, and the traditional beginning of fall of recovery in the rental market has not happened. For the year of the crisis the cost of Kiev apartments in the secondary market in dollars has decreased in two times. While the greatest fall was in January and February, when the week square metres could go down by 6-8%. In the Dnieper and Desna districts of the capital, where it was noted the largest drop in prices in January, housing prices fell on average by one third. In February, prices fell on average by 15%, from March to may – 5-7%. In June, the decline in housing prices has stopped, and in July was even observed their growth at a one-room apartment in an average of 2-2. 5%. The greatest decrease in prices for expensive apartments – two bedroom and one bedroom with an area of 50 m2 and housing in old houses, experts say.According to market participants, the number of transactions continues to be very low - for September 2009 was sold apartments at 50-60% less than in September 2008.Developers were prepared on reaching the bottom price in the primary market in the spring. Prices on construction sites since then, really do not decrease, but the demand from buyers is also missing. Meanwhile, the position of the majority of builders are very complex. At half the sites work is done formally, and 20% of construction projects are simply abandoned.From September the cost of housing economy class increased by 2.7% in UAH, up to 10 088 UAH per 1 m2, and luxury housing fell by 5.1% to 25 637 UAH per 1 m2.At the moment the offer on the rental market significantly exceeds demand. In September of the current year in Kiev was signed by 60% fewer leases than last year. Therefore, the traditional autumn revival in the rental market has not happened. As for rental rates in UAH, from the beginning, they have remained practically unchanged. In September 2009, and in February, the price of the offer of rental apartments in Kiev are about 2500-4000 per month.Before the election of cardinal changes in the real estate market is not expected, experts say. As the number of commissioned apartments this year decreased by 80%, there may be some rising prices for high-quality new housing. However, in General, until the middle of 2010, housing prices will continue to decline.Do not expect growth in rental prices – the situation on the labour market in Kyiv remains complex, so the massive influx of specialists from regions not expected.

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