Private houses in the suburbs of Kyiv, Kharkiv, Odesa, Dnipro and Lviv from July to September 2021 have risen in price by an average of 3-5%, President of the Association of Real Estate Specialists (Realtors) of Ukraine Yuriy Pita has told Interfax-Ukraine. “Over the past three months, a slowdown in the growth rate of their cost has been observed in the market for private estates. At the moment, the demand for private houses has been met by almost 90%,” Pita said. According to him, houses with an area of up to 150 square meters, located in the near suburbs (up to 20 km) of million-plus cities, were actively getting more expensive. The cost of other properties in the third quarter increased insignificantly, within 2.5-3%.
According to the association, a gradual decrease in the demand has been observed since the second half of this year: from July to September, the number of potential buyers decreased by 10%.
“Gradually, the supply begins to prevail over the existing demand, this is a significant factor for pricing in the segment of private houses,” the specialist said.
According to him, by the end of the year the price situation in the segment of private estates will remain stable with insignificant price fluctuations within 1.5% for small houses.
“According to the forecasts of the association, the cost of private houses is the ceiling for the existing demand. And further price increases will not be economically justified. Price stability may last until April 2022,” he said.
According to Pita, prices of land plots for private development in the third quarter increased by an average of 5%. At the same time, more than 60% of the demand is concentrated on plots with an area of 8-15 acres with supplied communications in picturesque locations at a distance of up to 20 km from the city limits. The demand for plots for construction of cottage townships remains stable, but here the choice of options is not very large, the expert notes.
He believes that price stability in the segment of land plots can hold out at least until April 2022, the start of a new active season.