Due to quarantine restrictions in Ukraine, many companies from various fields have suffered losses. Including the real estate sector, as the demand for housing decreased by more than half.
Currently, developers adapt to customers as much as possible and offer them favorable discounts, trying to attract as many new buyers as possible. But isn't it too risky to buy real estate in 2020? Should we wait until better times or take advantage of the favorable offers of developers?
What discounts are offered by developers
Good and high-quality projects of new buildings in Kyiv were not greatly affected by the quarantine. And the terms of their purchase at a lower price remained the same - full payment gives a good discount. By the way, if you are thinking about buying real estate, we recommend that you contact us professional luxury real estate agency THE Capital.
But still, the fight for customers has become tougher and developers have to meet buyers and reduce the price, whether they want it or not. After all, the competitor will do it otherwise. At the same time, it does not make sense for developers to raise prices before the introduction of promotions, because now buyers take longer to make decisions and monitor the real estate market, so they notice stability and it attracts them.
Read also: The best districts of Kyiv: rating.
In addition, potential buyers are looking for options with long installments from the developer and various flexible programs. They are looking for ways to buy an apartment as profitably as possible. Thus, developers are already reducing prices by 10-15% thanks to the introduction of promotions. And by the end of the year, these trends will only develop.
Read also: What is a housing mortgage in Ukraine.
According to 100realty.ua, developers are preparing the following promotions for the fall of 2020:
- Different installment options or "flexible programs" - up to 2 years, and what is important - these installments can be given at 0%. It is possible that companies will create more long-term installment programs, especially for properties in the early stage of readiness, or convert discounts to offset interest on the loan, say, for 1 year after purchase.
- Discounts from 7-10% when paying the first down payment from 70 to 100%. Some discounts from developers already allow you to buy an apartment with an additional profit of 10-17% from the original cost of the apartment.
What housing is popular now
The purchasing demand also depends on which housing options the discounts will apply to. Currently, people are most interested in residential complexes that have everything they need, the so-called "city within a city", especially near green areas. Therefore, pay attention to similar housing complexes, because most likely it will be much more profitable to buy housing from such a developer during the quarantine. Was the publication interesting and useful? Subscribe to our real estate blog updates and get the latest posts from THE Capital real estate agency.
