The scale of projects in the suburban real estate market down

01.03.2012 00:30
Articles about real estate | The scale of projects in the suburban real estate market down The low demand for suburban real estate developers to causes loyal customers, which is expressed predominantly in the availability of discounts when buying houses, the press service of the company Knight Frank.

According to experts, the shortage of loan capital developers have to implement significant tracts of land that are in their portfolios by selling plots for cottage construction without a contract.

Related article: How to properly and profitably invest in the cottage?

Despite the low volume of sales in the interest of developers in the development of suburban real estate remains, as evidenced by the release to market 3 new cottage settlements. The new proposal is mainly formed of suburban projects, offering for sale in areas without the need for construction work.

Obukhov, Zhitomir and Odessa areas remain the most promising for the development of suburban real estate.

According to experts, the market is a tendency to reduce the scale of projects. Average size of new plots of cottage settlements is an average of 5 hectares.

Low demand for holiday homes has led to the development of programs to encourage customers: discounts, gifts, auctions, insurance, investments, etc. The changing consumer preferences are forcing developers to substantially change the concept of new projects or follow-up of queues in an already-functioning communities.

"The negative trends beginning in 2011 were offset by increased demand in the second half. Financial instability in global markets in spring and summer has provoked a surge of interest to the countryside home buyers. Autumn revival in the market instantly reflected in the increase in average prices, which in IV quarter. increased, as in the luxury segment, and the business-class cabins, "- said Alla Kutsenko, Senior Consultant, Department of professional services and investment, Knight Frank Kiev.
Did you like the material?Subscribe to our newsletter
Your comments:
Your opinion will be the first. Thank you for reading this article. I wish you happiness! Please share your opinion in the comment below.