13:51 16.04.2013

Housing prices in Ukraine stable in Q1, market could stir up in autumn 2013, say experts

Kyiv, April 16 (Interfax-Ukraine) – There were no large fluctuations of prices for property in January-March 2013 in Ukraine, and the average housing price on the secondary market in Kyiv at the end of the first quarter of 2013 came to $1,800 per square meter.

This information was presented by representatives of the Association of Realtors of Ukraine (ASNU) at a press conference at Interfax-Ukraine on Tuesday.

"The prices on the secondary market have not changed for around a year if we take the prices in Ukraine… [and] prices are stable today on the primary market too," Head of the Information Technologies, Services, Analytics and MLS Committee at the Association of Ukrainian Realtors Eduard Brazas said.

He said that in the first quarter of 2013 rent rates grew only by about 5%.

The smallest rent rate for a one-room apartment in Kyiv as of late Q1, 2013 came to UAH 3,000-3,500 and the average rent rate was $650 a month.

The number of property sale and purchase deals in January-March 2013 in Kyiv and other cities of Ukraine fell by 30-40% on average.

"If we take absolute figures, in January several hundreds deals there were in Kyiv on the secondary market, and on the primary market it was two times less, in February – less than 1,000 and in March – 1,5000. These are approximate figures, no one can present the exact figures," he added.

President of Association of Realtors of Ukraine Serhiy Zlyden said that growth in the number of deals on the housing market in Ukraine would be seen no earlier than in autumn 2013.

"We believe that in autumn a splash in business activity will be seen in almost all segments, first of all, on the secondary market, but the price of one square meter will remain unchanged," he said.

According to the association, as of late Q1, 2013, the average price of apartments on the secondary market in Kyiv was around $1,800 per square meter, in Odesa - $1,200 per square meter, in Lviv - $1,150 per square meter, in Dnipropetrovsk - $850 per square meter and Kharkiv - $800 per square meter.

The experts also said that the development of the housing property market in Ukraine directly depends on the economic situation in the country, while the impact of negative information from the financial and banking areas on housing prices and the number of deals is small.

The Association of Realtors of Ukraine was established in 1995. It unites representatives from 25 regions of Ukraine in 32 cities and towns.

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