Apartment for purchase: prices, trends, demand

27.01.2020

Apartment for purchase: prices, trends, demand

Every year, the demand for premium-segment LCD only grows. Many people understand that the apartment was bought a little later, but in a cool elite residential complex with almost its own infrastructure, it is much better than a simpler option in comfort or even economy class.

This applies to everyone without exception, which is why today we want to pay a little more attention to this topic.

What will happen to prices?

Of course, prices are directly affected by exchange rates. But you should also not forget about the presence or absence of available mortgage programs. According to Vladislav Kononov, managing partner of AVM Development Group, if there is no development of lending through mortgages, then prices will not rise. And as a result, if the current situation remains unchanged, then the prices will not change either, and growth will be possible only with a sharp increase in the price of the construction process itself.

Of course, it all depends on the developer company, on the quality characteristics of the construction object itself, and many other things. Premium residential complexes and neighborhoods will increase in price gradually, and by very symbolic amounts, but most likely they will, because the demand for them only increases, and there is no sense for developers to leave the prices in place or lower them. By the way, if you are thinking about buying real estate, we recommend that you contact us professional luxury real estate agency THE Capital.

What is trending today?

Housing complexes with a unique infrastructure, which is also called "city within a city" infrastructure, are beginning to gain more and more popularity. These include self-sufficient residential complexes and neighborhoods that have their own parking lots, schools, kindergartens, shops of various types, as well as places to spend time: from cafes and restaurants to cinemas, swimming pools and golf or tennis clubs. To date, there is only one such residential complex in Kyiv. This is a business-class residential quarter in Pechersk, Novopecherski Lypky: a closed area, 24-hour security, its own schools, kindergartens, sports clubs, shops, restaurants, parking in every building and much more.

Read alsoHow to rent non-residential premises?

Demand and risks

Today, the demand for apartments is gradually increasing. Better square footage, while smaller options are preferred by investors or people who do not yet plan to have a family and children. Now people are looking at the future, and if, for example, a young couple is looking at housing with the expectation of adding to the family, then they will first look for large apartments - 90, 100, 130 m² and more, so that in the future they do not have to search for a new one. Investors, in turn, line their pockets, let's say, for 1- or 2-room apartments up to 70 m² in order to sell or rent them after renovation.

Read alsoRenting an apartment: how to write an ad correctly?

If we talk about possible risks, then the main criterion is the purchase of housing in a building that is still under construction, because commissioning can be delayed, which will undermine all your plans, and this has not yet brought pleasant memories to anyone as a result.

That is why we recommend buying apartments from already verified residential complexes, which are well-reviewed both in the media and even in your circle of communication: friends, acquaintances, relatives. Subscribe to our real estate blog updates and get the latest posts from THE Capital real estate agency.

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