Interest in-town housing drops dramatically

19.05.2011 09:55
Real Estate Market Analysis | Interest in-town housing drops dramatically Director of RealEkspo "Victor Kovalenko reported decline of consumer activity at the suburban housing market in Ukraine. Demand for the purchase of houses and new buildings in the suburbs compared to the beginning of the year fell by almost 50%, which is not typical for the spring months.

According to the results of April the number of requests from buyers in the selection of objects of suburban real estate, decreased more than 50%. Reducing the demand for housing in organized cottage villages started to show in early March that it was unnatural for a suburban real estate market. "If in December last year there was a buyers' interest, by the end of February, the market demand has decreased by more than 50%", - said Victor Kovalenko. He recalled that usually demand begins to decline during the second half of April, largely due to the approach of May Day and the holiday season.

Related article: Prices in the cottage of Ukraine «afloat

According to Viktor Kovalenko demand is the suburban real estate economy class. In the luxury segment dominated by interest in ready homes in the forest and prilesnyh sites. Since many people buy for themselves, investment demand is now minimal and amounts to no more than 3-5% of total applications.

Also, since the beginning of spring the cost of suburban housing has decreased, due to general economic and political situation in Ukraine and the world.

Victor Kovalenko

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