The price per square meter of housing in the capital will traditionally be higher than the weighted average prices on the market.
The price of real estate in Kyiv In 2024, it may increase by 15% in hryvnia. The housing market may be negatively affected by the lack of workers at construction sites.
Real estate market analyst Victoria Bereshchak told about this. informs “Pro Money”.
Rising real estate prices in Kyiv
The lack of labor on construction sites may have a negative impact on the Kyiv real estate market. This will happen if the developers there increase the volume of construction work, and also if there are no unforeseen circumstances. Simultaneously price per square meter of housing in Kyiv will traditionally be higher than the weighted average prices on the market.
“People are thinking about options for buying real estate, especially since the YeOsel program is gaining momentum. Also, in November 2023, the issuance of certificates for destroyed housing began, so potentially Kyiv and the Kyiv region can accumulate the lion’s share of this demand, which will contribute to the growth of sales volumes and, accordingly, will stimulate price growth,” Bereshchak predicts.
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According to the columnist, the condition for the increase in the cost of construction is increasing dynamics on the part of developers. At the same time, housing prices will be higher than the weighted average on the market.
“If we talk with caution about weighted average indicators, we can assume that during the first half of 2024 even up to 15% growth in the hryvnia is expected. At the same time, such liquid formats with a high level of construction activity can additionally bring from 5-7%, taking into account their qualitative characteristics and peculiarities on the market site,” the specialist predicts.
By the way, earlier the president of the Association of Real Estate Specialists Yuriy Pita told how things will change housing rental prices in Ukraine 2024 year.