Where in Ukraine is it easier to get a discount on an apartment


Since the beginning of the full-scale invasion, the secondary housing market in Ukraine has decreased significantly: most of the apartments have been removed from sale. The remaining housing on the market can be purchased at a discount, sometimes with a significant one. What are the prospects for the secondary market of Ukraine in 2023.

How much the secondary housing market in Ukraine has decreased

According to Flatfy statistics, after February 24, the number of offers on the secondary real estate market has fallen significantly in almost all regions of Ukraine. The largest drop occurred in the front-line regions - Kherson, Kharkov, Nikolaev (from 88 to 91%) and Kirovograd regions (87%). Among the front-line regions, Dnipropetrovsk looks the most optimistic: the number of offers there decreased by only 46%. The country's largest market - Kyiv and Kyiv region - lost up to 77% of offers.

A slight increase in supply is observed in the Volyn (+1%) and Transcarpathian (+8%) regions, a significant increase is demonstrated by the Chernivtsi region - up to 39%. As LUN explained, this growth is likely to be explained by the unpopularity of the region in previous years. And now, due to a wave of internal migrants, interest in the Chernivtsi region has grown, so local residents are more actively putting up apartments for sale.
How prices have changed in the secondary housing market in Ukraine

“A huge number of objects were removed from sale. There are those sellers who need money, or they are waiting for sales at the specified price. This is a place for bidding, this is a place where the price is called directly at the negotiating table. Until October 10, when the first massive shelling of the energy system took place, it was possible to agree on a discount of 10-20% in Kyiv. But there were also big discounts,” Denis Sudilkovskiy, marketing director of LUN, says in an interview with The Page.

According to Flatfy statistics, the average price of 1-room apartments in Kyiv in ads has dropped to $55,000. However, the average price of such housing in real transactions is $42,000, which corresponds to the average price in July 2021. Buyers could get the biggest discounts in June-July 2022.

Those wishing to buy a 2-room apartment in Kyiv on the secondary market could get the biggest discounts in April. At that time, the average price of such housing was almost $50,000, which is about the price of a 1-room apartment today.

In Lvov, the biggest discount could be obtained in June, when 1-room apartments were sold for $29,000. During the summer, the city experienced an increase in prices in real transactions.

In autumn, 2-room apartments in Lvov were significantly more expensive than in Kyiv. The average price in real transactions is $90,000.

Why Ukrainians do not buy apartments on the secondary market

Sudilkovsky calls the illiquidity of such apartments one of the most common trends in the secondary market. “Earlier (if these are not the extremes of illiquid assets - super small, or super killed, or super expensive housing), an apartment on the secondary was sold in 3-6 months. Today, during the war, it will be either a year or until victory, ”the expert says.

He also named three reasons why Ukrainians are in no hurry to buy resale apartments:

if someone who is now at the front or abroad is registered in the apartment, there is a risk that the deal will be canceled;
there are no installments in the secondary market, the full amount is needed immediately;
there is no way to pay in hryvnia, only in dollars.

By the end of the year, the secondary market in Ukraine revived a little thanks to the selya program. At the end of December, the company "Ukrfinzhile" reported on 507 loans issued. Of these, 71% of the apartments were purchased on the secondary market.







Regional

Real Estate Kiev | Real Estate Vinnytsia | Real Estate Lutsk | Real Estate Dnepropetrovsk | Real Estate Donetsk | Real Estate Zhytomyr | Real Estate Uzhgorod | Real Estate Zaporozhye | Real Estate Ivano-Frankovsk | Real Estate Kirovohrad | Real Estate Luhansk | Real Estate Lviv | Real Estate Nikolaev | Real Estate Odessa | Real Estate Poltava | Real Estate Simferopol | Real Estate Rivne | Real Estate Sumy | Real Estate Ternopil | Real Estate Kharkiv | Real Estate Kherson | Real Estate Khmelnytskyi | Real Estate Cherkasy | Real Estate Chernihiv | Real Estate Chernivtsi |

Abramovich's $50 million mansion in Colorado could be the first to fall under US sanctions

Among Abramovich's many world-class real estate trophies is a 1,300-square-meter mega-home in Colorado.


Property tax in 2023: how to pay it during the war and who can not do it

This year, property tax will be levied under new rules. In particular, the owners of houses and apartments located in the temporarily occupied territories or in the war zone are exempted from it.


Developers will have to build parking lots in the residential complex with half the places for electric vehicles

The Verkhovna Rada in the second reading adopted bill No. 8172 on the use of vehicles equipped with electric motors, which implies the provision of half of the parking spaces in the construction projects of new apartment buildings.


Where in Ukraine is it easier to get a discount on an apartment

Since the beginning of the full-scale invasion, the secondary housing market in Ukraine has decreased significantly: most of the apartments have been removed from sale. The remaining housing on the market can be purchased at a discount, sometimes with a significant one. What are the prospects for the secondary market of Ukraine in 2023.


Demand for new apartments has fallen to a critical low, but prices are holding. What is it connected with?

In Ukraine, for the three quarters of 2022, housing was commissioned by 44.9% lower than in the same period last year, the State Statistics Service reported. At the same time, the price per square meter is still growing.


Ukraine Suspends Electricity Exports to Stabilize Energy System

Ukraine has been suspending electricity exports since October 11 in order to stabilize its energy system. This is reported by the Ministry of Energy.


Made in Ukraine: modern CRM for developers IHOMES system

The real estate market has changed significantly over the past six months. Despite all the tests, as of August 2022, according to the LUN portal, 824 out of 1330 residential complexes throughout Ukraine continue to operate.


Why IKEA considers the Ukrainian market to be promising and increases its assortment

For a year and a half in Ukraine, the Swedish IKEA corporation has expanded its assortment by one and a half times and is working to meet the demand of Ukrainians for creative space planning solutions.


Banks have reduced rates on mortgage loans

The amount of mortgage loans issued for 10 months of 2021 is already more than UAH 7 billion.


Sale of land. The amount of transactions exceeded UAH 2.5 billion

Since the opening of the land market in Ukraine, almost 57 thousand agreements have been concluded within the framework of the land market, for a total amount of UAH 2.5 billion.


Articles about Real Estate

© 2023 Real estate in Ukraine