In Kharkov, decline in demand coincided with an increase in supply

02.11.2010 12:17
Articles about real estate | In Kharkov, decline in demand coincided with an increase in supply Kharkov realtors, who in the early fall reported increased demand for housing by one third, were mistaken.

Back in September, local real estate agency decorations for seven to ten contracts of sale of apartments, and in October recorded a maximum of five agreements, writes Business Capital.

Barely noticeable perturbation is only in a very low-price segment: 60% sold in the autumn of objects - a "unity" economy class for $ 30-40 thousand decline in demand coincided with an increase in supply.

Owner Agency Realty-Exclusive "Eugene Sanin said that recently the market was thrown several hundred mortgage apartments that sold for 7-10% cheaper than similar, but without a credit history. In addition, the exhibit began to sell the "extra" square meters of small entrepreneurs who experience an acute shortage of working capital to keep afloat its business.

As a result, the base housing units only in the last month increased by 20% and the proportion of fixed-term sales, which traditionally does not exceed 5%, increased to 12%.

These trends are pushing vendors to reduce prices. In the center of Kharkov "unity" can already be found for $ 33-35 thousand, and in sleeping areas, one-bedroom apartments are set at $ 27-28 thousand, but potential buyers do not peck at it. The reason for that - the negative expectations associated with the new Tax Code, which can significantly tighten the conditions of the business.

Local new construction since the beginning of the crisis became cheaper, perhaps more than in other cities. According to the PPF Krona Alexei Tveritnikova, many companies quickly takes an object was initially positioned in the business class to lower-cost segments. Practiced redevelopment spacious apartment in closer.
Business Capital
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