The solvency of the population, the overcome of the overwhelming majority of people, the consequences of financial and economic crisis of 2008-2010 are the extremely interesting, actual and important question for the present and for potential investors. In fact exactly these parameters significantly determine the current condition and the tendencies of further development of the industry.
Thus, according to professionals, the tendency of the following years in the real estate market builders will follow the reorientation to the economic segment of the housing. After all business understands that in today’s environment it is better to build houses that can be sold and will have a high demand, than to build the precious apartments, demand for which is not permanent, experts point out the correction of the planning of apartments continues. “Now the pattern apartment planning is more practical and is going to reduction. If previously a single apartment had a size of about 60 square meters, now it is approximately 40 square meters, two-room is from 60 square meters, and three-room – 80-90 square meters, although previously it was about 100 square meters “- says the chief editor of the Internet portal “The Capital estate” Zahar Fedorak.
According to the data of the consulting company SV Development, today the greatest lose in the price is shown by the three-room and the four-room apartments. At the same time the fundamental increase in the cost accounts for one-room apartments and the doubles.
Overall, according to the data of the companies, since the beginning of the year in all key regions of Ukraine the prices for real estate progressively increased for 1%. And today the state is trying to activate the real estate market. The government initiated the development of “affordable housing” that provides the support to citizens when purchasing the apartments. Even with family income in 4 thousands of hryvnas it will be able to buy housing, Prime Minister Mykola Azarov promises. The program provides granting of credits for 10-15 years under the low interest. Nevertheless the participants of the market do not believe that this program will be widely used.
The funds directed toward the government programs, are not enough to say that these programs are massive. Last year it was 100 million USD in affordable housing, this year it was provided 200 million USD. 70% of cost the person pays himself, 30% is paid by the state. We have calculated that it it turns out that in such case it is approximately 100 apartments in Ukraine are received. Within the framework of the state it is very small number.
Experts name the decline of the prices of suburban real estate as a further tendency of real estate market. Thus, the average cost of houses in the cottage settlements of Kyiv region, on the first of the March, has decreased by 12% – to 1,125 dollars per square meter. Fall in prices will continue according to the experts. believe As the main reason for the reduction of the price of suburban real estate professionals name the lack of demand. Ukrainians cannot buy expensive houses, so developers are forced to compromise the price.
Thus, investors may conclude that the real estate market in Ukraine as a whole began to the growth after the consequences of the global financial crisis. Demand in housing is satisfied less than for 60%, high the prices for real estate are determined by the not enough available of supply. Thus, the market is a perspective, and to reduce the risks and to increase the profitability of the investments in this sector of the economy it is better to invest in building of the apartment buildings with relatively small apartments.
Know exactly what you need?!