The secondary real estate market in Ukraine will save only the transition to settlements in hryvnia, pegged to the national curr

23 January 2023, 12:52 | Economy
photo Зеркало недели
Text Size:

The purchase and sale of apartments on the secondary market is barely glimmering, only the transition to settlements in hryvnias with prices pegged to the national currency can save it. This was stated by the President of the Association of Real Estate Specialists (Realtors) of Ukraine Yuriy Pita, quoted by businessua. com.

According to him, the primary housing market suffers less from dollar fluctuations than the secondary one.. Indeed, in the primary market, developers sell apartments for hryvnia. And even if the dollar subsequently rises, the primary housing market does not react as quickly to it..

" But if the exchange rate rises to 50 hryvnia per dollar, a person will no longer have 2, but 2.5 million hryvnia, while the price of an apartment will remain unchanged, and a person will be able to save 500,000 hryvnia,"

[see_also ids\u003d"

But in the secondary market, everything is different.. There prices are clearly tied to the currency. The dollar exchange rate is growing, the cost of housing in hryvnia is also growing.

Consequently, more and more Ukrainians are beginning to give preference to the primary housing market, where exchange rate fluctuations do not affect the price of goods so much.. As a result, the secondary housing market is losing more and more buyers..

" Actually, this is what it comes down to.. Therefore, they will still have to reduce the price in dollars, or tie it to the hryvnia at least for a while,"

Recall that even in the summer, sellers, depending on the region, were already ready to reduce prices from 5 to 30% throughout the country.. But there were still few deals.




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer