{"id":4810,"date":"2015-11-24T20:18:20","date_gmt":"2015-11-24T17:18:20","guid":{"rendered":"http:\/\/thekharkivtimes.com\/?p=4810"},"modified":"2015-11-24T20:19:38","modified_gmt":"2015-11-24T17:19:38","slug":"kharkiv-real-estate-business-is-breaking-down","status":"publish","type":"post","link":"https:\/\/thekharkivtimes.com\/2015\/11\/24\/kharkiv-real-estate-business-is-breaking-down\/","title":{"rendered":"The Kharkiv real estate business is breaking down"},"content":{"rendered":"<p style=\"text-align: justify;\">In October<span lang=\"en-GB\">–<\/span>November <span lang=\"en-GB\">period <\/span>of this year, the average price of real estate <span lang=\"en-GB\">deals in<\/span> <span lang=\"en-GB\">the <\/span>secondary <span lang=\"en-GB\">housing <\/span>market showed a gradual decline.<\/p>\n<p style=\"text-align: justify;\">According to realtors, the current situation <span lang=\"en-GB\">i<\/span>n the market is characterized by <span lang=\"en-GB\">stable<\/span> and real property prices.<\/p>\n<p style=\"text-align: justify;\">“Today the market is real as ever: first<span lang=\"en-GB\">ly<\/span>, <span lang=\"en-GB\">there are almost no properties <\/span>at inflated prices <span lang=\"en-GB\">in sale<\/span>. Second<span lang=\"en-GB\">ly<\/span>, sellers realize<span lang=\"en-GB\">d<\/span> that they have <span lang=\"en-GB\">a<\/span> little choice: either to <span lang=\"en-GB\">focus<\/span> on <span lang=\"en-GB\">the <\/span>market prices or remove <span lang=\"en-GB\">an<\/span> <span lang=\"en-GB\">item<\/span> from sale, as the chances to <span lang=\"en-GB\">sell an apartment at higher price now tend to zero<\/span>. <span lang=\"en-GB\">Finnaly<\/span>, the bargaining reduced from 5% to 2%. <span lang=\"en-GB\">It means <\/span>that both sellers and buyers are aware of the<span lang=\"en-GB\">ir<\/span> possibilities,” said the head of one of the <span lang=\"en-GB\">Kharkiv<\/span> real estate companies, <strong>Svetlana Yakimova<\/strong>.<\/p>\n<p style=\"text-align: justify;\">The expert stressed that the stable and, at the same time, slight decrease <span lang=\"en-GB\">of <\/span>prices is a sign that the real estate marke<span lang=\"en-GB\">t<\/span> has <span lang=\"en-GB\">hit <\/span>the “bottom”.<\/p>\n<p style=\"text-align: justify;\">According to experts, in October-November 2015, the cost of one-bedroom apartments in <span lang=\"en-GB\">Kharkiv<\/span> ranged from 13 to 95 thousand dollars, two-bedroom <span lang=\"en-GB\">appartments cost <\/span>from 18 to 145 thousand dollars, and t<span lang=\"en-GB\">hree<\/span>-bedroom <span lang=\"en-GB\">ones<\/span> <span lang=\"en-GB\">priced<\/span> from 21 to 299 thousand dollars.<\/p>\n<p style=\"text-align: justify;\">Despite the crisis, the property <span lang=\"en-GB\">developers<\/span> build new facilities and adapt to <span lang=\"en-GB\">the <\/span>market conditions. The main driving force that pushes the market up today, is the <span lang=\"en-GB\">Kharkivens’ fear to lose their <\/span>savings, so they <span lang=\"en-GB\">stive <\/span>to convert hryvnia<span lang=\"en-GB\">s<\/span> to real estate <span lang=\"en-GB\">property<\/span>.<\/p>\n<p style=\"text-align: justify;\">Experts believe that in the short term <span lang=\"en-GB\">the<\/span> real estate market <span lang=\"en-GB\">could<\/span> grow but a political factor will play a key point in its development. In the case of a favorable political situation in the country, sales of the real estate market are expected to grow by about 7-10% next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In October–November period of this year, the average price of real estate deals in the secondary housing market showed a gradual decline. According to realtors, the current situation in the […]<\/p>\n","protected":false},"author":11,"featured_media":4814,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[17,6,15],"tags":[1256,1255],"class_list":["post-4810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-kharkiv","tag-kharkiv-realtor","tag-real-estate-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/thekharkivtimes.com\/wp-content\/uploads\/2015\/11\/rieltor.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/posts\/4810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/comments?post=4810"}],"version-history":[{"count":4,"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/posts\/4810\/revisions"}],"predecessor-version":[{"id":4825,"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/posts\/4810\/revisions\/4825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/media\/4814"}],"wp:attachment":[{"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/media?parent=4810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/categories?post=4810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thekharkivtimes.com\/wp-json\/wp\/v2\/tags?post=4810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}