Spacious and cozy, and, most importantly, one's own — who does not dream of their own home. When looking at the offers of developers, we first look at the prices - some of them are temptingly low.
Is it luck or free cheese in the mousetrap? How to buy cheap housing in a new building and not fall into a trap, we understand in this article.
Real estate market in 2020
To begin with, it is worth understanding what is currently happening with the real estate market. This year brought a lot of unpleasant surprises for the whole world, and Ukraine is no exception. The quarantine to prevent the spread of COVID-19 has affected the economy and people's ability to pay. This also affected the cost of housing, which directly depends on the dollar exchange rate, the political and economic situation, and the stability of the national currency. By the way, if you have decided? "3":{"1":0},"4":{"1":2,"2":16777215},"5":{"1":[{" 1":2,"2" :0,"5":{"1":2,"2":0}},{"1":0,"2":0," ;3":3},{"1":1, "2":0,"4":1}]},"6":{"1":[{"1": 2,"2":0,"5":{"1":2," 2":0}},{"1":0,"2":0,"3" :3},{"1":1,"2":0,"4":1}]}," 7":{"1":[{"1":2," ;2":0,"5":{"1":2,"2":0}},{"1":0," 2":0,"3":3} ,{"1":1,"2":0,"4":1}]},"8":{"1":[{"1":2 ,"2" :0,"5":{"1":2,"2":0}},{"1":0,"2":0,"3":3},{" ;1 ":1,"2":0,"4":1}]},"11":3,"12":0,"15":"Roboto, RobotoDraft, Helvetica, Arial, sans-serif"," 23":1}" data-sheets-hyperlink="https://thecapital.com.ua/prodazha-doma-v-kieve/">buy a house in Kyiv inexpensively, we recommend contacting the best elite real estate agency THE Capital.
Since from 2019, when the dollar was approximately UAH 25, it increased to UAH 27,62 (as of August 14, 2020), the average cost per square meter also increased. m outside Kyiv. If in January 2020 the average price per sq. m was 913 dollars, in July 2020 it increased to 935 dollars, based on data from the consulting company SV Development.
The analysis of 100realty.ua shows that the average cost of 1 square meter per year. m of apartments in new buildings in Kyiv increased by 12,7%, from January 2020 - by 4,9%.
But you searched for a long time and found the home you dreamed of, even at a very low price. In what case should you be careful?
Read also: In which real estate is better to invest: the main points.
Forewarned, therefore armed: the risks of buying cheap housing
Of course, there is a place in the world for miracles and conscientious builders. But there are also many risks that it is better to prepare in advance. By underestimating the cost, developers can hide unpleasant facts. By understanding the risks, you will be able to pay attention to them in time and avoid them. Before concluding an agreement, be sure to read reviews about the developer, evaluate the situation personally, check the implementation of the construction plan, and do not satisfy your desire to buy a cheap apartment in Kyiv. Because finding a cheap apartment will not be difficult for you. Also pay attention to the following points:
Communication problems
Heating systems, cold and hot water supply, electricity supply, sewerage, ventilation system, gas pipelines - think about whether you are ready to solve problems with external and internal communications in the house. If not, make sure they are okay.
Read also: How to buy an apartment on installments.
Quality problems
It's much easier to love your neighbors when you can't hear them leaving for work at 6 in the morning. Therefore, pay attention to the quality of the walls, their thickness and noise insulation. And now make sure how the construction is done - whether the builder uses cheap materials to save money and lower the price. Some developers use low-quality materials for cheap apartments in new buildings in Kyiv, and as a result, you will not be in comfortable conditions of peace and quiet.
What about the documents?
A point that cannot be neglected. Be sure to check whether your developer has a building permit, which is written in your investment contract and read the documentation again. Of course, it is better to do this with an experienced lawyer who will help prevent unpleasant situations and resolve disputed points.
When do you plan to move into a new apartment?
Make sure your plans match the developer's plans and you won't have to wait 20 years for the house to be put into operation.
Have you checked all the points and are you satisfied with them? Accept our sincere congratulations: luck is on your side. But if you doubt at least one point or do not fully trust the developer, be sure to contact experienced specialists - real estate agents - who will help you avoid an unprofitable purchase and not lose money.
Buying an apartment in a new building without risks will help you real estate agency THE Capital. We work only with verified developers of Kyiv, who build facilities with high quality and using high-quality building materials. Our experts will help you choose the best accommodation for you. Subscribe to our updates real estate portal and receive the latest publications from the real estate agency THE Capital.
