Demand EXCEEDS supply!!!...how to be...??? - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
Who would not say that, the real estate prices to fall can't. This is due to some factors. First, and most important factor..."Who would not say that, the real estate prices to fall can't. This is due to some factors. First, and most important factor. The demand greatly exceeds the supply. The volume of construction does not increase. According to some forecasts, the volume of construction will remain at the same level, and maybe even to fall. And this despite the fact that consumer demand increases every year somewhere in the 20-30%. Accordingly, this demand determines the price. In addition. The cost of materials is only growing. Wages are rising. Inflation also leaves its mark. The interest on the loans, it only increases. Energy prices also raise all these components. And one more thing. Today increased contributions to the city budget to 20% of the purchase price. And today those apartments, which are sold, offered another on the basis that the dismissal was on the level by about 10%. Actually these are old stocks that are sold at the old prices. And the fact that the prices didn't come up - I think that they fell. Developers is becoming increasingly difficult to execute documents, more money is spent on the various negotiation, lobbying - and that's a fact. The dispute can be up to 30% of the project cost. Vacant development sites in Kyiv already almost there, and clean the area again reaches 30-40% of the cost of the project. All these factors suggest that only can go up the dynamics of real estate prices.