Last year in Kiev 2350 sold apartments in the primary market and 3210 on the secondary, whereas in 2016 it was concluded 4515 and 4960 of the sale agreements, respectively.
It is noted that last year the construction industry showed the worst results over the last five years. Experts believe that the market has bottomed, and do not expect any significant changes in the near future, reports Rus.Media.
The reduction in the number of transactions primarily observed in new buildings, the construction of which began in 2017. Housing in buildings that were commissioned last year, appeared on the market two or three years ago, so most of the apartments are sold out.
"Five years ago, new apartments were sold during the construction phase. Three years ago unsold after the commissioning of the apartments was about 10%, today we are talking about approximately 30%," – said Managing Director of ARPA Real Estate Michael Artyukhov.
In his opinion, reduced the number of transactions not through the purchasing power of the population. Because the hryvnia has not changed, and the dollar declined. Competition in the real estate market in Kiev is increasing. In the first 9 months in the capital, was a sale in 268 sites, which is 25% more compared to the same period in 2016, according to a study of City Development Solutions.
It is noted that last year the construction industry showed the worst results over the last five years. Experts believe that the market has bottomed, and do not expect any significant changes in the near future, reports Rus.Media.
The reduction in the number of transactions primarily observed in new buildings, the construction of which began in 2017. Housing in buildings that were commissioned last year, appeared on the market two or three years ago, so most of the apartments are sold out.
"Five years ago, new apartments were sold during the construction phase. Three years ago unsold after the commissioning of the apartments was about 10%, today we are talking about approximately 30%," – said Managing Director of ARPA Real Estate Michael Artyukhov.
In his opinion, reduced the number of transactions not through the purchasing power of the population. Because the hryvnia has not changed, and the dollar declined. Competition in the real estate market in Kiev is increasing. In the first 9 months in the capital, was a sale in 268 sites, which is 25% more compared to the same period in 2016, according to a study of City Development Solutions.
According to the materials: ukr.media