Analytics of the residential real estate market in Kiev - 2017

26.01.2018 00:15
Real Estate Market Analysis | Analytics of the residential real estate market in Kiev - 2017 For 3 quarters of 2017, commissioning of housing in Kiev and the Kiev region amounted to more than 2 million square meters. m. The largest number of square meters was introduced in the Goloseevskiy district of the capital. In the structure of the commissioned meters, its share increased comfort-class. This suggests that, together with the build-up of new areas, more and more developers are paying attention to non-price factors (such as infrastructure, planning solutions, the general organization of LCDs, etc.), which allows them to transfer their facilities to a higher class.

At the end of 2017, 197 new buildings were put up on the primary market, which is 25% higher than in 2016. And in the secondary market, the volume of supply remained approximately at the level of 2016. The largest offer is observed in the segment of one-room apartments. Also in the structure of the offer, the number of two-room apartments has slightly increased.

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The largest number of transactions was recorded traditionally in the economy segment of housing for small-scale projects due to low purchasing power of the population.

In the hryvnia equivalent, prices for the "primary" were stable during the year with some seasonal fluctuations, and by the results of the year they even grew within 2%. Dollar prices changed with the fluctuation of the dollar exchange rate and by the end of the year they declined as the rate rose.

On the secondary market, prices have slightly decreased (within 5%), which is due to both seasonal fluctuations and competitive pressure, which has had a great offer in the primary market.

In 2018, the volume of housing construction is also expected to be high. Prices will depend on demand, but it is projected that it will also remain at the level of 2017. Competition in the market will be reflected rather not in price, but in non-price competition of developers and more attention will be paid to the quality of objects.

Earlier it was reported that in 2017, developers in Kiev actively launched new projects.
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