The property SLEEPS! To expect nothing! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
The projected recovery in the real estate market in August did not happen. Experts do not expect his fall...The property falls asleepThe projected recovery in the real estate market in August did not happen. Experts do not expect it and in the fall, predicting a worsening of the crisis.August did not bring expected by some experts to the revitalization of the real estate market. "The slight recovery of the market, emerging in late July-early August, was short-lived. In the second half of August business activity fell again", - said in its monthly overview of the real estate Agency "planet Obolon". The number of transactions in the secondary market remains minimal, said the President of the Association of real estate professionals Alexander Bondarenko.However, the owners of apartments by inertia continue to raise prices. According to the Agency "planet Obolon", the average price of 1 sq m of housing in August compared to July increased by 2% to $3165. The consulting company SV Development, based on the prices of actual transactions, recorded almost the same price increase.However, citizens are reluctant to buy expensive apartments, remembering the examples of Latvia and Kazakhstan, where due to significant overheating of the real estate market is not in demand, and prices fell by 20-40%. Amid the creeping price increases experts "Planet Obolon" note that several apartments were sold in August 18-20% cheaper than the market average.The market of new apartments on August stagnation reacted the opposite way: the average price of new construction has declined, but not by much. According to SV Development, housing prices fell by 0.32% to $2644 per 1 sq. m. Construction and investment company "Kyiv dwelling-invest estimates that the decline was more significant - 1.3%. While most cheaper it is for affordable housing - 2.3% - up to 11638 USD. per 1 sqmAccording to the head of marketing Department of "Kyiv dwelling-invest" Vladimir Germanova, in August were for sale, the two built the house in which the apartment is offered is 10% cheaper than the average cost of housing by the end of July. "August shows that some companies who start their projects, reduce the starting price of sales below market," adds Herman. He noted that due to low demand this year, many developers will be forced to reduce sales prices by 5-10%, but the average price on the market is not much affected.Previously, builders and experts were looking forward to the fall, believing that it will revitalize the real estate market. "But this year the autumn revival of the market of late," States in "Planet Obolon" and underscore that the offer for sale of apartments increased the share one is one of the surest signs of a stagnant market.In the Agency "planet Obolon" also predict that in September, housing prices will remain the same, but the market is unlikely to revive. "While growth in business activity there are weighty reasons," say the employees "Planet Obolon".Some managers of construction companies are not waiting for the revitalization of the market this fall. "All the companies are pinning their hopes on autumn is the traditional period of recovery in the market. However, the current situation with project financing, mortgages, as well as the situation on foreign financial markets will not stimulate business activity on which I hope the players in the market.