{"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":"

In October–<\/span>November period <\/span>of this year, the average price of real estate deals in<\/span> the <\/span>secondary housing <\/span>market showed a gradual decline.<\/p>\n

According to realtors, the current situation i<\/span>n the market is characterized by stable<\/span> and real property prices.<\/p>\n

“Today the market is real as ever: firstly<\/span>, there are almost no properties <\/span>at inflated prices in sale<\/span>. Secondly<\/span>, sellers realized<\/span> that they have a<\/span> little choice: either to focus<\/span> on the <\/span>market prices or remove an<\/span> item<\/span> from sale, as the chances to sell an apartment at higher price now tend to zero<\/span>. Finnaly<\/span>, the bargaining reduced from 5% to 2%. It means <\/span>that both sellers and buyers are aware of their<\/span> possibilities,” said the head of one of the Kharkiv<\/span> real estate companies, Svetlana Yakimova<\/strong>.<\/p>\n

The expert stressed that the stable and, at the same time, slight decrease of <\/span>prices is a sign that the real estate market<\/span> has hit <\/span>the “bottom”.<\/p>\n

According to experts, in October-November 2015, the cost of one-bedroom apartments in Kharkiv<\/span> ranged from 13 to 95 thousand dollars, two-bedroom appartments cost <\/span>from 18 to 145 thousand dollars, and three<\/span>-bedroom ones<\/span> priced<\/span> from 21 to 299 thousand dollars.<\/p>\n

Despite the crisis, the property developers<\/span> build new facilities and adapt to the <\/span>market conditions. The main driving force that pushes the market up today, is the Kharkivens’ fear to lose their <\/span>savings, so they stive <\/span>to convert hryvnias<\/span> to real estate property<\/span>.<\/p>\n

Experts believe that in the short term the<\/span> real estate market 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":"

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}]}}