Reduced or increases the demand for real estate

Experts report that in September the number of apartments purchased in Kyiv decreased by 35%. This phenomenon is extremely unusual, since in the fall, the livestock of customers is always outlined and even a slight increase in prices. But this year everything is different due to the abundance of innovations. September was marked by the introduction of restrictions on cash settlements, innovations appeared in October when registering ownership of real estate, and in November, as you know, a new assessment system will enter into force. All this influenced the market from a negative point of view, slowing down the turnover. In the summer, experts predicted a significant decline in autumn trade real estate. Their forecasts were justified. In July and August, sales of everything that was more expensive than 150 thousand hryvnias increased, but in September the number of transactions decreased. Experts observed from 7 to 10 days of complete stagnation, and some of them claim that it lasts and still. For example, in September, only 1103 apartments were sold in Kyiv, and in August 1684. The difference is 35%. The same applies to new buildings – 1420 apartments in August against September 1360.To increase sales, some homeowners underestimate real estate prices. So, the average cost of apartments compared to summer indicators decreased by 1.2%. Realtors note that in the capital the real per square meter cost differed from the declared price from -11% to -52.4%, depending on the city area -the closer to the center, the greater the gap. The cost of renting apartments in Kyiv also fell by 1.69%, as the activity of tenants in the market decreased. Experts hope that in the future the situation in the field of real estate is stabilizing, since so far no innovations are planning. In the meantime, in this market segment, the proposal exceeds demand.

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