Experts advise not to rush to give your meters cheaply in difficult times of reconstruction – you should wait for a better price.
Although developers and sellers of ready housing are still not are going to reduce prices in Kyiv and Kharkiv, as well as in Lviv, but will be forced to do so in the near future. If, of course, they really want to sell a house or rent it out. About this in his article for ZN.UA “Real estate market: falling prices will be staggering, and recovery is expected soon” write Lyudmila Simonova and Sergei Sledz.
Experts estimate that falling prices will be staggering in the post-war period and will last for several years. Why?
“There will be a general decline in GDP because it will not be created by businesses that have disappeared or stopped before recovery. That is, the total amount of money that will circulate in real estate markets will be much smaller,” the authors write. However, we will lose some of those who left Ukraine forever. These people will not take part in the creation of GDP, nor will they create demand for apartments, so the pressure of money on the real estate market will be less. ”
But this is a forecast without taking into account the situation when Russia will be able to obtain compensation for the destroyed property and the money will actually go to market, experts say. As soon as this money supply appears in volumes that will put pressure on the real estate market, demand will recover very quickly.
“Will developers be able to keep prices and get money for completion – the issue is open and will depend on the state's ability to receive this compensation at the expense of Russia, because there is no money in the budget for the restoration and will not be in the near future, “- say experts.
Of course, the prices in Berlin at 5-10 thousand euros per square meter. Ukraine is still a long way off, but the return to the pre-war state must happen soon enough, especially if people with monetary compensation enter the market and this will create demand and business will work.
” hard times of reconstruction, we advise you to wait for a better price “, – the authors conclude.
Read also: Kyiv region begins to allocate new apartments for those who lost their homes due to the war
More articles by Lyudmila Simonova and Serhiy Sledz at the link.
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