What will happen to the prices? Prices for apartments in Kiev show growth.
Аccording to the results of August 2019, the average price of new housing increased by 1.32% compared to July. But compared to August 2018, the minimum cost of apartments in Kiev on the primary market increased by 4.49%.
We analyzed the growth in the cost of square meters in Kiev.
In Kiev, in August, price growth was recorded in most areas. So, in the Obolonsky district, the cost of new buildings increased on average by 2.44% (up to 21,000 UAH / m2), in the Pechersky district - by 0.84% (up to 48100 UAH / m2), in the Desnyansky - by 2.19% (up to 18700 UAH / m2), in the Dnieper - by 3.38% (up to 21400 UAH / m2), in Darnitsky - by 4.84% (up to 19500 UAH / m2).
Nevertheless, in three districts there was a decrease in prices: in Podolsky - by 2.31% (up to 21100 UAH / m2), in Goloseevsky - by 1.19% (up to 25000 UAH / m2), in Svyatoshinsky - by 0.49% (up to 20500 UAH / m2).
In Solomenskiy 21800 UAH / m2 and Shevchenkovsky 32000 UAH / m2 according to the results of August, prices remained unchanged.
Forecast for property prices at the end of 2019
The onset of the fall of 2019 will bring many changes that will affect the primary housing market.
So September. September will please both with warm days and a steady increase in prices. By the end of September, it will bring to the piggy bank real estate plus 1.2-1.4%.
October. October 2019 will be marked by both a weather drop in temperature and cooling of the market, although builders will still raise the market by another 1.3-1.5%. Nevertheless, the number of sales will show a downward trend.
November. At the end of November, real estate will begin to be covered with hoarfrost, and atmospheric frosts will also begin to be projected onto the movement of money in square meters. The end of November will demonstrate the devaluation of the hryvnia and in dollar terms the drawdown of prices.
December. Cold December will completely cool the interest of money in real estate. Banknote holders will take their places in the "trenches" of the real estate market and will monitor the further development of inflationary processes. The end of the year will not be very intriguing but ... the optimism of our citizens is quite strongly and repeatedly "instilled", so the market will be revived as quickly as the government will quickly and effectively respond. The quality of the direct steps taken will depend on the authorities.