Overview of the luxury real estate market

23.04.2021

Luxury real estate market overview

So far, the whole world is only talking about how to buy/sell and save, how to keep your money? The luxury real estate market simply exists. Today, instead of talking about how to save money, let's talk about why Ukrainians pay "exorbitant" amounts for luxury real estate.

Who are these crazy people? Favorites of real estate experts, VIP clients, the rich and famous. Working with such people requires uncompromising confidentiality. 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 real estate is considered elite in Ukraine?

Below we have listed some criteria for identifying luxury real estate.

  • Unique architectural plans.
  • Designer landscape design.
  • High quality building materials.
  • Solid parameters (apartment area, ceiling height).
  • Closed community High level of security.
  • Small number of residents (limited number of apartments, correct distance between houses).
  • High social status of the district.
  • Prestigious district.
  • Good infrastructure nearby.
  • Ecologically favorable territory.
  • Attractive panoramic views.
  • Exclusive renovation and modern furniture and appliances.
  • Underground parking.

VIP Housing in Ukraine

Elite real estate in Ukraine is considered a valuable and rare asset. This is due to the fact that it is difficult to find a large number of buyers for real estate. Moreover, sales in the luxury segment have been sluggish since last July due to political changes and financial factors, especially the appreciation of the dollar. However, several premium projects have been launched in the past few months. How are things now in the luxury real estate market of Ukraine? Read the details in the article.

See also: How to rent a non-residential premises?

What is the price of premium real estate in Ukraine?

The price of an elite house in Ukraine starts on average from $2500 per square meter. m and can reach $20 sq. m. m. According to forecasts of Knight Frank analysts, price dynamics in Russia and Ukraine at the end of 000 will also be positive, amounting to 2021-5%. In particular, over the last month, the price of the elite class has increased immediately by 6 hryvnias. (900%) to UAH 1,59 thousand. Since the beginning of the year, this segment has increased by 60,4% or UAH 3,42. Compared to the same period last year, the price increased by 2%, or UAH 000.

It is interesting that in the Pechersk district, the most popular among the Kyiv elite, the price of a square unit of housing last month fell by UAH 2300 (4,86%) to a maximum of UAH 45/sq.m. This is probably due to the launch of a number of projects for the sale of housing at significantly reduced prices. By the way, almost all elite real estate news agree that the average selling price of 000% of expensive apartments is UAH 20/sq.m., and 54835% of inexpensive apartments is UAH 20/sq.m.

Foreign real estate: why?

Prospects for the luxury real estate market in urban areas of Europe and the USA are bright. Such real estate is in demand and is still being bought and sold: according to the Prime Global Forecast 2021, prices for luxury housing will either remain at the level of 2020 or increase by 2%. At the top of the rating were Shanghai and Cape Town. In these cities, prices will increase by 5%, while the largest negative movements are possible in Buenos Aires (-8%) and Dubai (-2%).

See also: Renting an apartment: how to write an ad correctly?

Visnovok

Despite the fact that 2020 was a difficult year for peace, in 2021, according to developers, new buyers will appear on the luxury real estate market. The pandemic has shown that a multifunctional, but at the same time safe space is necessary. Courtyards, seating areas, reasonable social distancing, quality engineering. For example, the DIM group focused on the development of the ReadyDim service, which allows buyers to choose the best interior style, decor and furniture for their future apartment.

It saves a lot of time, money and nerves: in June 2020, Intergal-Bud launched an innovative service based on fast 3D technology with a convenient system of filtering and parameter selection based on FLAT.SHOW. Subscribe to our real estate blog updates and get the latest posts from THE Capital real estate agency.

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