Kyiv sees price hikes for housing

Since the beginning of 2017, the average price of apartments on Kyiv's secondary market has decreased by 0.6%, whereas it dropped by 5.6% in the dollar equivalent, 100realty.ua said.

According to analysts, the prices in the premium housing segment decreased by 0.7% in the hryvnia equivalent, while economy-class flats went down in price by 2.6%. The prices in U.S. dollars went down by 5.8% and by 7.6%, respectively.

Read alsoExperts outline trends on Ukraine's real estate market in 2018 – mediaOne-room apartments rose in price most of all, by 5.1%, to UAH 32,655 per square meter. The average cost of two-room apartments in the capital increased by 5%, to UAH 36,139 per square meter, three-room apartments by 4%, to UAH 34,811 per square meter, and four-room apartments by 2.4%, to UAH 37,912 per square meter.

The average price of apartments in Kyiv in U.S. dollars decreased in all city districts in December 2017. Prices in the capital's Pechersky district declined most – by 1.4%.

The number of apartments for sale on the secondary market decreased by 2.7% to 19,357 in December 2017 from November 2017.

One-room apartments account for 27% of the total number of flats on the secondary market, while the share of two-room apartments is 32%, that of three-room apartments is 34% and four-room apartments account for 7%.

At the same time, the average cost of apartments on Kyiv's primary real estate market rose by 0.4% in December 2017 from November 2017, to UAH 23,713 per square meter, whereas the prices soared by 3.2% in the last months of 2017 y-o-y.

According to experts, the average price of business class apartments on Kyiv's primary market in December 2017 rose by 2.2%, to UAH 32,665 per square meter, while that of premium class increased by 1%, to UAH 49,112 per square meter, and the price of economy class apartments grew by 0.2%, to UAH 17,390 per square meter. At the same time, comfort-class apartments went down in price by 0.4%, to UAH 21,641 per square meter.

Kyiv's Obolonsky, Pechersky and Holosiyivsky districts saw a considerable price hike for apartments, that is by 4.7%, 2.4%, and 1.6%, respectively, while the price of apartments in Shevchenkivsky and Dniprovsky districts decreased by 0.7% and 0.5%, respectively.