In the real estate market intensifies price competition

21.02.2012 09:48
Real Estate Market Analysis | In the real estate market intensifies price competition Analysis of the dynamics of construction of new facilities on the real estate market has shown that in the next year or two is not expected to significantly increase supply, the press service of the company Knight Frank.

As stated in the message, the completion of the developers will need at least a year and a half, and with the usual practice, the delay time of commissioning housing units during this period can last up to two years.

Related article: Ukrainian residential real estate market continues to fever

In 2012 in a segment of real estate sales scheduled to start in the draft H Tower, PecherSKY »,« House on the Pirogov ". Thus, the new proposal will be 325 apartments. This can lead to increased competition in the luxury segment and increased marketing activities of developers.

According to experts, formed to market luxury homes at the end of 2011 the trend of price stability will continue in 2012, and considerable price fluctuations will not be.

"It is worth noting positive trends in the segment. New projects of good quality construction, high level of engineering, interesting design, liquid areas of apartments. Supply deficit still allows developers to set prices for new facilities at the desired level. However, since 2013-2014. should expect significant growth in price competition in the luxury segment, and possibly lower prices for a number of objects "- said Yaroslav Chapko, business development director, Knight Frank.

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