Realtors waiting for large demand on apartment leasing compared to purchase by late 2014

Kyiv, October 10 (Interfax-Ukraine) – The situation on the apartment sale market in Kyiv and cities with over one million of population will be stably bad by the end of 2014, while it is not expected that the prices will fall sharply, and the trends will differ depending on the region, Chairman of the Statistics and Analyses Committee of the Association of Realtors of Ukraine Eduard Brazas said at a press conference at Interfax-Ukraine.

He said that the leasing market will be rather active, and the prices will be stable. He said that the trends for pegging to hryvnias will continue growing.

"Now the number of deals on the secondary market in Kyiv amount to hundreds of deals, not thousands as it was earlier, and the market is stably bad. The situation is better on the primary housing market… but there are not so many buyers there too. We don't hear scandals similar to Elita-Center and those who were left on the market understand how and where they work. They have clear sources of financing. Trust to constructors is growing and clients gradually moving from the secondary to the primary market," he said.

The expert said that the housing leasing market stirred up in August and September and rent rates grew by 15-20%, while the internally displaced people did not influence the secondary housing market.

Realtors expect that the postponed demand of displaced people could be realized if they receive access to the frozen capital in Donbas.

Brazas said that at present supply in Kyiv and cities with over one million of population on the apartment leasing market amounts to some 30,000 facilities and on the sale market – up to 60,000 facilities.