Our analysts work tirelessly to analyze the real estate market of their native country and follow global trends, so you don't have to understand all the details yourself. But admit that the primordial childish curiosity sometimes pushes you to immerse yourself in the analysis of complex processes. We do not hide from our customers the reasons for which we recommend certain objects, so today we decided to share our observations with you and talk about supply and demand, about the rise and fall of prices, and most importantly - about why this is all happens. Thanks to THE Capital, you will be able not only to invest in the real estate market of Ukraine, but also to understand it.
What do price and interest fluctuations depend on?
- Economic and political situation in the country
The real estate market of Ukraine largely depends on the current economic situation. The country's economy suffered a lot of stress with the start of hostilities. Detailed analysis of the market situation 2022-m and 2023In the 1990s, he eloquently showed that it is still too early to talk about the complete stability of the pre-war level, but the forecasts for this one are comforting. year show that we are not so easy to break. Demand is gradually returning to normal levels. Also, experts predict a significant increase in the dollar exchange rate, so we should expect a proportional increase in the rent.
- Seasonal travel and forced migrations
Regardless of other external circumstances, demand is significantly affected seasonality. Sea and ski resorts attract not only families with children who want to give their kids bright impressions on vacation, but also everyone else who dreams of going on a well-deserved vacation. Autumn and spring are traditionally considered periods of slight lull in the market, but with the beginning of 2022, even in these time periods, bursts of activity have become not uncommon. The shift of the vector to the West and the center is no longer as significant as it was in the first months, so the prices level off and stop "biting". At the same time, many return to the capital or decide to make it their new home. This leads to an increase in the population of Kyiv. The more potential tenants, the higher the demand and the average price per square meter.
- Changes in the housing stock and the number of available offers
Of course, there was nothing to think about the continuation of construction work while winged objects flew overhead, not at all resembling innocent birds. The new projects of the developers fell into a sound sleep for several years and only now began to move away from the protracted pause. More than 70% of construction sites are once again teeming with people and equipment from morning to evening. It is not possible to finish the work within the previously established deadlines, which affects not only the comfort and plans of investors, but also the rental market. . Not having the opportunity to move into the purchased apartment, people are forced to rent housing. An artificial increase in demand pushes prices up.
- Changes in the portrait of the average tenant
If one and a half or two years ago, everyone was trying to find a one-room apartment at the lowest price, now a completely different segment of real estate occupies the leading position. Among the tenants there is a large number of representatives of IT specialties. New professions with high wages influence the preferences of tenants. Successful professionals do not skimp on their comfort, so premium apartments in the capital's residential complexes with a full range of services for all occasions took the prize from inexpensive units. Suburban houses у settlements the regions are also popular because, along with fresh air, they offer autonomy.
In which direction is the rental price moving in Kyiv and why?
The exchange rate of the dollar, the number of completed new buildings and the preference for future professions have a particularly strong impact on the rental of real estate in Kyiv. A comparison of the capital with a small settlement shows that prices are also affected by population density. Being one of the most densely populated cities in the country, Kyiv continues to attract investors and visitors even in unstable times. A decrease in the number of available offers due to a significant increase in the number of citizens allows landlords to set slightly inflated prices. In this regard, experts are of the opinion that the cost of rental housing in 2024, as before, will remain quite high.
This does not frighten many tenants, but forces them to reconsider their values and demand a higher level of comfort for their money. Among the capital's tenants, new trends have become:
- underground parking - increased care for the vehicle and an analogue of a bomb shelter in one person
- generator - rescue in case of protracted blackouts
- high-quality household appliances from well-known brands - it is important not only to prepare a delicious dinner on an electric or induction stove, but also to get rid of its consequences with the help of a dishwasher
- the possibility of living together with pupil ; rescued animals from the occupied territories got a chance for a happy life with new owners, so the number of requests for rentals with pets increased several times.
Premium real estate agency T.H.E. Capital monitors the situation on the market and monitors current trends, so we always have offers that can satisfy the requirements of any client.
