Apartment "REMOVED" less than $200... - news on real estate, Kiev, Kyiv region. Real Estate In Ukraine

Apartment The rental market roll former housing speculators. But rent depreciates slower than dropping the cost of housing on the secondary market. By August 2009, a one-room apartment in Kiev can...Remove it immediatelyThe rental market roll former housing speculators. But rent depreciates slower than dropping the cost of housing on the secondary market. By August 2009, a one-room apartment in Kiev can be removed for $170-180 a month. Compared with the current price level of housing rent in dollars will drop by half, predicts the company "SV Development". Now a one-room apartment in the capital lease at an average of $355, while a year ago she asked for $543. Rent two-bedroom apartments fell from $860 to $490 per month, two-bedroom - from $1070 to $594.Eduard Brazas, CEO of real estate Agency "C. I. T.", argues that in UAH the cost of the lease before the end of the year will remain stable. "The stories that someone rents an apartment in Kyiv for 1 thousand UAH, - myth" - categorical capital realtor.According to Edward Brazas, in the fall of 2008, when the dollar began to strengthen, the majority of tenants and landlords transferred rent from dollar in UAH at the exchange rate to 5.05 UAH/USD. Since rates are fixed in national currency, and if before the crisis, the monthly rent of a Studio apartment was $600 (or 3000 USD), and today the tenant will pay the owner the same 3000 UAH. Although in the currency of the rent for this period fell by more than 35% to approximately $390.Pliability landlords is the result of a huge excess of rent over demand. Unemployed immigrants return home, freeing up capital of your home (in most cases - cheap and not too high-quality housing in residential areas). The owners of "investment" apartments, abandoning the quick sale of real estate at current prices, make repairs and put housing on the rental market. According to the leading expert of Department of marketing SV Development Sergey Kostecki, the ex-speculators provoke falling of the prices in the rental market, as provide tenants with significant discounts.However, dumping is not revived demand. On the contrary, over the past year, the number of potential tenants in Kiev has decreased four times: in January 2008 it was put 3016 apartments, in January of this year - a total of 760. The offer increased to 23.7 thousand a month for rent just one of the thirty rent apartments, whereas a year ago gave up every second.Idle is basically the most expensive objects, two and three bedroom apartments, great space in newly constructed homes. The former tenants of such housing or move into the apartment the same category, but a smaller area, or move into cheap housing business class. As a result, the rent premium fell by 45-50%, while the average rate decreased by 35-40%. For example, now a two-bedroom apartment in Pechersk district, according to SV Development, can be rented for $860 per month. In late October, she asked for $1684.In turn tenants of apartments business class migrate to the housing level of "economy", which was released nonresident who fled the capital due to the loss of work. Nominees for this living space was much more than flat business or premium class. Therefore, the rental rates for one-bedroom apartments in residential areas dropped significantly. For example, a one-room apartment in Obolon district in recent months fell by only a third.Long-term delivery of housing for rent has never been very profitable, says Edward Brazas. Even at the best of times to invest in real estate paid off in 10-15 years (was attractive rent - in fact, sweatshops hotel business). However, professional landlords understood that housing brings the main income is not from rent, and due to the price increase, the subsequent sale of housing. In the conditions of crisis the situation has changed, and rent depreciates slower than dropping the cost of housing on the secondary market. If the prices on the secondary market compared to last summer declined by almost 50%, the rent of one-bedroom apartments for the same period fell by about a third. Not surprisingly, investors who failed to sell the apartments at the peak of prices, are now forced to move to an adjacent space - rental business.There were timesAt the end of 2007 in Kiev monthly lived in rented apartments 40-50 thousand families. At an average monthly rate of $500 per apartment average amount of annual market rent estimated $240-300 million.



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