Kiev. Ukraine. Ukraine Gate – January 19, 2021 – Economy
Oleg Prikhodko, general director of the development company Greenol said that apartments in the secondary market are getting cheaper in Ukraine. Annually, the cost of “Czech projects” falls by 10%, prices for “Khrushchevs” and “Stalinkas” are falling even faster.
“This housing is gradually losing its value,” he said. According to expert estimates, the drop in value in this segment occurs annually.
This trend is reinforced by the fact that developers are renting out new houses with unredeemed apartments. Whereas before the “primary” apartments were bought up even before the commissioning of the object. That is, the supply on the market significantly exceeds demand, said the head of Greenol.
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He noted that the even older housing stock – “Khrushchevs” and “Stalinkas” – are falling in price even more rapidly. According to him, sooner or later “renovation programs” will reach them and such houses will be demolished.
The cost of apartments in the secondary market is tied to the dollar exchange rate. Gradually, after the rise in currency prices, prices also rise on the primary market. Part of the housing stock in Ukraine is in disrepair, and the service life of the Khrushchev is coming to an end. This leads to a decrease in demand for such housing.