Holosiivskyi district so green, so eco-friendly and so… doomed. The temporary shutdown of several metro stations has been going on for more than six months and there is no end in sight. Leading real estate experts sounded the alarm in the early days and urged investors and homeowners to remain calm and prepare for drastic changes. The complete loss of the optimal form of public transport was a blow below the belt for residents of Golosivka. While ordinary residents were scratching their heads and inventing alternative ways of moving around the city, tenants were quietly packing their bags and walking the English way. Thanks to the rather pessimistic beginning of our new material, one might get the impression that with the stoppage of the metro, the real estate market in the area died even without suffering, but is it really so? We think that Holosiivskyi district has had enough time to stabilize, so we suggest evaluating the current situation.
The primary real estate market of the Holosiiv district
In general, during the war, the pace of construction slowed down somewhat, and the interest of investors is only 20-25% of the pre-war level, although it continues to grow. Lack of funds, rising prices of materials, lack of personnel - all these factors affect not only the terms, but also the cost. Sometimes objects on primary market may cost the same or even more for already sold apartments in the same housing complex. Back in 2022, investors came to terms with the fact that they are unlikely to get housing as quickly as planned, so they are not afraid of troubles with the subway. Most of the projects in the Holosiivskyi district will be built in another year or a year and a half. Add to this a few months for repairs and both will come out. Even under the most pessimistic scenario, the subway should be functioning properly by this time, so the current troubles on the primary market, if they did affect it, are almost imperceptible.
Secondary market in Holosiivskyi district
Surprisingly, the secondary real estate market has shown no less resilience. Despite the disappointing forecasts, the prices did not succumb to panic and firmly hold on to their positions. Sometimes there are fluctuations of 3-10%, but such minor changes occur even without additional incentives in the form of a faulty subway. Investors do not dwell on the failures of the present and confidently look to the future. We advise you not to reject the dream of purchase of an apartment in Holosiivskyi district. You can find all the necessary infrastructure within walking distance from the house, and car owners will not feel any discomfort at all, since the ground transport connection with the center was extremely convenient and remains so.
Rental market in Holosiivskyi district
Holosiivskyi district is usually among the three most expensive for rent. Has this changed since the closure of several metro stations? But, actually, not very much. The average cost is still quite high, although it has undergone some changes. In fact, the tenants did not run away, but were forced to stay in the inhabited places, however, understanding their situation, the landlords often agreed to concessions and offered to review the rent. Some lucky ones managed to agree to a discount of 10-20%. The same shifts in prices are observed by home seekers:
- the cost of rent in the budget segment fell by 15-20%;
- the price for renting premium real estate has undergone smaller changes - up to -10%.
Such a noticeable difference is explained by the fact that the vast majority of residents of premium, business and even comfort class residential complexes use their own vehicles exclusively or work from home. For them, the repair of the subway goes unnoticed, so there is no reason to reduce the fare.
Commercial real estate in Holosiivskyi district
Commercial real estate in all its manifestations remains one of the most profitable sectors. Having even one room in your property, you have unlimited possibilities, since the tenant can make repairs himself, install the necessary equipment and equip everything to his taste, without requiring additional costs from you. It is precisely because of significant investments on their part that the tenants did not dare to leave the already inhabited spaces and still continue to rent real estate. As for the premises that currently remain vacant, they feel the impact of the current situation much more strongly. The loss of the subway is directly related to the loss of a significant part of customers, so new businesses prefer more convenient locations. In order not to be completely without profit, landlords make concessions and lower prices. Yes, the current cost of renting commercial space has fallen by at least 10%. Some desperate people cut their prices by 25% just to avoid losing their income for good.
