During 2015 the real estate market in Ukraine was not shaken by some serious or significant events. A stable situation has not changed constant dollar jumps, nor an increase in property values during the fall. However, a phase of "stagnation" and the continuing stabilization of the situation begin to cause anxiety fears, with a light hand from leading market experts acquiring the features of "calm" before the storm. On what to expect for property owners, as well as a forecast of the market in 2016, see this article.
Theopinion of leading experts, who study the dominant social - economic trends in the real estate market of Ukraine, a wide range of factors will have a significant impact on it`s condition in 2016.
First, you should pay attention to, is the tax on real estate, important for those who have the "extra" living space. The second, and perhaps the most important factor, is the reduction of wages, which in 2015 compared with 2014 reached the level of 25%. Obviously, such situation will have a negative impact on the population's purchasing power, which will also affect the pricing policy and the real estate market. In addition to the above, an extremely important point is the binding of the market in the banking sector, which is currently going through hard times. The issue of pricing is closely related to demand and supply. Due to declining revenues of our citizens, many of them now prefer to rent housing, deprived of opportunities to just buy it. This leads to a significant increase in the price of rental apartments. For major construction companies the situation is even more uncertain. This situation provides a stable level of prices and their situational reduction, in order to "enable" people. However, for now the effectiveness of these efforts is 0, since the impoverished population is not able to acquire housing, even on the "reduced price".
There is no doubt that all these factors have a positive impact on the real estate market. Many real estate companies, one more than the other, "shouting" that prices have reached a minimum level, which in fact is not true and is just another attempt to get people to show more interest in the market. Nevertheless, today we can confidently assert that the highest rates of development will acquire the suburban real estate sector, as many potential buyers tend to choose the real estate from this market sector. Today, this category of property is probably the only one that seriously consider middle class buyers. It`s obvious that there is no sense to expect any special price spikes, though towards the end of the summer season it may happen.
Share:
Book now! 