How much is an apartment in new buildings in Kiev - the results of the first quarter

25 April 2018, 16:38 | real estate
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At the end of 2017, most analysts of the primary real estate market predicted that prices for the capital's new buildings will continue to decline. From five to ten percent, according to forecasts, should have been lost in price. Whether the experts' assumptions were justified, how house prices have changed, what are the prospects for the primary market-we analyze the results of the first quarter of 2018. What is the average cost of a metropolitan apartment? Housing prices tend to have a wide spread due to several factors, so it's easier to compare the average for getting an objective picture. Analyzing the current situation on the market took Irina Romanova - an independent expert on real estate. Irina leads the blog "Where in Kiev live well? ", Which tells you what new buildings are being built in Kiev, studies the advantages and disadvantages of each object, compares the offers of developers and the prices for square meters. If we compare the cost of new housing in March 2018 and December 2017, we can say that prices in the hryvnia have grown, albeit slightly. At the end of last year, the average price per square meter in Kiev was at the level of 21.6 thousand. hryvnia, in March this figure rose to 22 thousand. However, in March 2017, developers asked for an average of 22.5 thousand. hryvnia, which means that the price has slightly decreased over the year. A similar picture is obtained if we compare house prices in dollar terms. In December 2017 a square meter in Kiev new buildings cost an average of $ 790, and in March 2018 the price rose to $ 840. In March 2015, the cost per square meter was $ 1,000, in 2016 - $ 880, in 2017 - $ 840. The level of comfort and the area If you divide the new buildings in Kiev in terms of comfort, you can notice interesting market trends. Cheap economy-class property is gradually rising in price. If in March 2016 the square meter cost an average of 16.7 thousand. hryvnia, then in March 2018 the price was 18 thousand. hryvna. But in the market of elite new buildings there is a reverse process: in March 2016 a square meter was sold on average for 61.1 thousand. hryvnia, and in March 2018 - an average of 52.6 thousand. hryvna. Analysts believe that such trends will continue until the end of the year, and new economy-class buildings if not rise in price, then they will definitely keep stable prices. As for the cost of housing in the districts of Kiev, then the leaders are unchanged from year to year. The lowest prices are traditionally found in the Desniansky district of the capital (16.4 thousand. hryvnia). The second and third positions are occupied by Darnitsky and Svyatoshinsky districts, where the square meter in new buildings is 18.3 and 18.6 thousand. hryvnia, respectively. The most expensive apartments in Pechersk (46 thousand. hryvnia) and Shevchenko (31,5 thousand. hryvnia) areas of Kiev. Many experts, including Irina Romanova, believe that during the year in the Kiev primary real estate market will continue downward trends. At the same time, minor price fluctuations are not ruled out, but sharp and serious jumps should probably not be expected.




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