What to expect from the real estate market in March 2014

05.03.2014 01:00
Real Estate Market Analysis | What to expect from the real estate market in March 2014 f you view the dynamics of real estate prices in February 2014, it becomes obvious that, given the serious economic and political problems of the real estate market behaves quite calm, there is a general / notional price stabilization in prices amid an unprecedented decline in buyer activity and reduce the number of transactions. Statistics show that in most of the cities prices have not changed significantly , in some places up somewhere down .

The maximum decrease by 0.26 % recorded Kiev and Odessa (0.07 %). Grown in Kharkov (0.09 %) , Donetsk (0.17 %) , Dnipropetrovsk (0.17 %) and Lviv (0.14 %).

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Over the past month prices have changed insignificantly and not the largest cities in the country - Khmelnitsky ( minus 0.08 %) , Simferopol (up 0.07 %) , Nikolaev ( minus 0.15 %) , Chernigov (up 0.10% ) , Kherson ( minus 0.12 %) , Uzhgorod (up 0.07 %).

The number of transactions decreased

Cheapening trend bedroom apartments paused for four continued their decline , the maximum demand "running " one-and two-bedroom apartments .

Secondary housing market the highest number of sales contracts today is traditionally the cheapest economy class segment ( apartments cost $ 50-80 thousand), as well as some more in the middle price segment - $ 80-95 thousand Reduced interest on flat business class houses in the city center.

In February, according to SV Development, in the capital was concluded 412 purchase and sale of second homes , which is 21 % less than the number of transactions in January .

Often bought two-bedroom apartments

The greatest demand among customers in February 2014 used a two-bedroom apartment , the purchase of which accounted for about 49 % of transactions ( for one-bedroom - 42 % of transactions , while the demand for two-bedroom and more - 9%).

With 63 % of all transactions in Kiev accounts for the purchase of apartments costing up to $ 100 thousand , 25 % in the price range of 100 to 200 thousand dollars and 12 % - in the category of over 200 thousand dollars.


The following month, the company predicts further decline in transactions to the level of 300-350 . Traditionally, the greatest demand will be two-bedroom apartments , which have about 48-52 % of all transactions , 42-45 % will take one-bedroom apartments and 9-12 % will be objects with three rooms or more.

If we talk about the average cost per square meter of secondary housing in Kyiv then it will be $ 1894/kv . m A one-bedroom apartment in the capital can be purchased for $ 60-62 thousand

" According to our forecasts , the maximum number of deals (60-65 %) will be recorded in the segment to $ 100 thousand , 25-27 % in the price range from $ 100 thousand to $ 200 thousand and 11-25 % - in the category of over $ 200 thousand " - sums up the marketing specialist SV Development Sergey Kostecki .
Content tags: Housing Market Forecast
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