Andrew Gusel'nikov: secondary real estate market of Ukraine is in a phase of decline

07.04.2011 15:05
Real Estate Market Analysis | Andrew Gusel Andrew Gusel'nikov, head of the Committee ASNU information technology, services, analytics, MLC, in his speech at the Roundtable in LigaBusinessInform today focused on prices in the secondary real estate market in Ukraine and outlined the trends in the real estate market.

Mr Gusel'nikov described the situation as "depressing stabilization.
The real estate market is cyclical and goes through phases of the fall, stabilization and growth.

Related article: Demand for secondary housing in Crimea fell


Currently, secondary real estate market in Ukraine is in a phase of falling.
Number of deals in 2010, the market dipped by 12% compared with 2009.

In the first quarter of 2011 recorded growth in the value of 2-3% in Lviv, Kiev, 1-2%, 3-5% in Kharkiv and drop by 2% in Odessa.

The most expensive meter in Ukraine from the analyzed value of secondary housing in cities over one million people, is a "square " in Kiev in Pechersk (average cost of $ 3,110 per sqm) and the cheapest - "square" in the October district of Kharkov (667 U.S. $ / sq ft).

Experts forecast growth phase on the secondary real estate market will begin in 2012.

Victor Kovalenko

www.zagordna.com
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