According to the head of the National Council of the Rielter Chamber of Ukraine Alexander Bondarenko, until the end of 2012, changes in the trend of falling prices in the real estate market in the capital are not expected. Recently, a slow, but confident decrease in real estate prices in Kyiv has been observed. According to Alexander Bondarenko, there are no key incidents in the market. However, real estate prices are confidently falling. It is expected to achieve the lowest level of real estate prices. The price movement is extremely slow, and can change in any unexpected situations. These may be changes in the real estate market, jump in the foreign exchange market, or political or economic changes at the state level. One of these factors is the exchange rate of hryvnia to the US dollar – if the rate changes towards an increase above 8.5. This situation will significantly affect the real estate market. The presence of a more or less affordable mortgage in the amount of 11% per annum in the hryvnia, as well as an increase in the level of well-being of citizens are stimulating factors to reduce real estate prices. General economic factors that could change the current situation in the capital of the capital’s real estate market are not currently observed. Supporting the trend of price falling, new real estate registration rules that have recently been introduced. According to Alexander Rubanov, the President of the Union of Expert property, the new rules are not entirely clear and require careful clarification of both the design mechanism and the rates for services. The uncertainty of the situation with the design of real estate negatively affects the real estate market of the capital. The average expected drop in real estate prices is 10-12% per year. According to Alexander Rubanov, housing has lost its peculiarity to be a unique means of investment. During this period of development of the real estate market, investing in housing has become absolutely unprofitable. The degree of distrust of the residents of the capital to the primary real estate market should be 20%. According to Alexander Bondarenko, these are quite real numbers and will soon be achieved. Nevertheless, while the level of distrust of primary housing remains the same and is on average 50% of the cost. If the cost of 1 kV. m. In the primary real estate market is 1 thousand. Doll., then the secondary market is represented by prices in 1.5 thousand. Doll. And above.
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