Demand for suburban real estate resume after the demand for urban housing

17.09.2010 12:30
Demand for suburban real estate resume after the demand for urban housing
 
Seasonal rise in demand for suburban housing market was mistakenly adopted by many vendors for a new round of market growth.
Nevertheless, despite the positive developments observed in the market in April-June, recovery in demand for cottage property can be expected only after the restoration of urban housing market, say experts Knight Frank LLC Ukraine.

As noted by experts in the research report, in the short-term increase in buyer activity will have no material impact on the pricing policy of sellers. Abundance makes it inappropriate to offer higher prices. Price growth during the II quarter of 2010 could make no more than 3-5% (depending on the segment) on individual objects.

"In general, the suburban real estate market before the end of 2010 is expected to price stability", - says the research report. According to Knight Frank, minor variations in average prices are possible during the seasonal increase in demand in September and October, and also because developers use various mechanisms to encourage buyers, most of which are directly related to the provision of discounts.

Demand for suburban real estate resume after the demand for urban housing




















Knight Frank LLC Ukraine

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