Ukrainian real estate continues to fall, and throughout the country. As reported in Olympus-consulting, for the year of apartments on the secondary market in the regional centers of the country fell from 1.3% to 20%.
Least of all in the price have lost their homes in the Western regions (Lviv, Ternopil, Rivne, Chernivtsi, Lutsk, Khmelnitsky, Ivano-Frankivsk), on average, 3.7%. The area, which practically did not react to the crisis Rivne and Lviv, there are ready flats became cheaper by 1.3% and 1.8%.
Next is the black sea region (Odessa, Nikolaev, and Kherson), where the property lost value for the year of 4.9%.
Apartments in the regional centers Dnieper region (Dnipropetrovsk and Zaporizhia) are on sale with prices 6.5% lower than last year. And housing in regional centers northeast areas sold is 7% cheaper. But most of all — 12.4% — lowered their expectations of sellers of apartments in the Central areas. And the undisputed champion is in Kiev, where prices sank by 20%.
Such uneven geography price on the secondary Vice-President of the League of experts of Ukraine Andrey Guselnikov directly connected with the peculiarities of economic development of regions. “Kiev has always been overrated. But now no one is willing to purchase apartments at $5 thousand/sq m, as it was previously. Due to the sharp collapse of prices for apartments significantly dropped and the overall market. In other regions the prices have always been more realistic than in the capital, and fell so they are not so significantly”, — he noted.
According to the observations of experts, the least falling prices of apartments in the cities where there are so-called “points of growth”: the segments, where, despite the crisis in the country, you can still a good living — legally or in the shade. Note that the quality control in construction remained at the same level.
It is therefore not in a hurry to cheaper housing in resort areas — near the sea and in the Carpathians. Since the tourist market abroad has decreased significantly, and the Crimea fell from a beach of the priorities of Ukrainians, our citizens began to travel to Odessa, Kherson, Lviv, Ivano-Frankivsk, etc. stands out Exactly where apartments for the year fell in price by 1.3% (this is less than in all other regional centers). Experts suggest that local property prices supports the activation of the amber business, including, illegally, allowing local residents to count on a steady income.
However, realtors claim that there will be a new wave of price collapse, and it will level all regions. Prerequisites for reducing prices by more than enough: lack of available credit, lower incomes, General political and economic instability in the country.
“What will happen to the rate? How long will change the local government? People can’t get answers to these questions and are not ready to make strategic decisions about the purchase of housing in the absence of any positive news. From 10 to 20% has almost closed deals, signed preliminary contracts are delayed indefinitely,” explained the expected simple real estate market analyst SV Development Sergey Kostecki.