What to expect from the real estate market in March 2014

If you view the dynamics of real estate prices in February 2014, it becomes obvious that, given the serious economic and political problems, the real estate market behaves quite calm, there is a general / notional price stabilization in prices amid an unprecedented decline in buyer activity and reduce the number of deals

As statistics show in most of the cities prices have not changed significantly, in some places up somewhere down.

The maximum decrease by 0.26% recorded in Kiev and Odessa (0.07%). Grown in Kharkov (0.09%), Donetsk (0.17%), Dnipropetrovsk (0.17%) and Lviv (0.14%).

Over the past month prices have changed insignificantly in not the largest cities in the country — Khmelnitsky (minus 0.08%), Simferopol (up 0.07%), Nikolaev (minus 0.15%), Chernigov (up 0.10%), Kherson (minus 0.12%), Uzhgorod (up 0.07%).

Number of deals decreased

Tendency to reduce the cost three bedroom apartments paused, for four bedroom apartments continued their decline, the maximum demand for running one and two-bedroom apartments.

For secondary housing market the highest number of sales contracts today is traditionally in the cheapest economy class segment (apartments cost 50-80000 USD), as well as some more in the middle price segment — 80-95000 USD. Reduced the interest on business class apartments in houses in the city center.

In February in the capital were made 412 sales transactions of secondary housing, which is 21% less than the number of transactions in January.

Often bought two-bedroom apartments

The greatest demand among buyers in February 2014 used a two-bedroom apartment, the purchase of which accounted for about 49% of transactions (for one-bedroom — 42% of transactions, while the demand for three bedroom and more — 9%).

63% of all transactions in Kiev accounts for the purchase of apartments costing up to 100,000 USD, 25% in the price range of 100 — 200,000 USD and 12% — in the category of over 200,000 USD.

Forecast

Next month is projected to further decline in the number of transactions to the level of 300-350. Traditionally, the greatest demand will be two-bedroom apartments, which have about 48-52% of all transactions, 42-45% will take one-bedroom apartments and 9-12% will be objects with three rooms or more.

If to speak about the average cost per square meter of secondary housing in Kyiv then it will be 1894 USD/sq. m. A one-bedroom apartment in the capital can be purchased for 60-62,000 usd.