The average price on the primary housing market in Kyiv in January-March 2019 grew by 4% or $50, reaching $1,252 per square meter, the press service of City One Development (Kyiv), referring to the results of the monitoring of its analytical department. The press service said that at the same time, the average price at the start of sales increased 10% compared to last year, to $1,023 per square meter.
According to monitoring, in the first quarter, business and comfort projects entered the market. The company also notes a tendency to reposition of projects of the economy and economy plus classes into comfort. However this is not always accompanied by an improvement in the quality of the project.
According to City One Development, since the beginning of the year, sales began in 16 new projects with a declared volume of about 9,500 apartments, while in 2018, some 10-12 new residential complexes entered the market every quarter.
At the same time, InCo home (Invest-Consulting AMC LLC), a member of the Kovalska industrial and construction group (both based in Kyiv), in the first quarter of this year, saw a decrease in sales by 30% compared to the same period 2018, analyzing sales for 11 new residential complexes, in the construction of which the company has invested.
According to experts from both companies, the hryvnia strengthening has influenced the real estate market at the beginning of the year. At the same time, InCo home said that the presidential election did not significantly affect the market.
