5 May - Current prices for residential real estate, Kiev.
Current prices (average weighted) for one-room apartments on Kiev primary real-estate market has become USD 2,048 per sq. m., the average prices of two-room apartments on the primary real estate market on USD 2,699 per sq. m., for three-room apartments USD 2,534 per sq. m.
4 comments:
The same question again: how do you know the prices? Ask it yourself first, and then reply. Just think about it, who sets the prices? How can you be sure that whatever source you used provides relevant and accurate information?
Thanks for attention to my blog again...
You should know that completely correct info could deliver only regarding an asset has listed on the market with bid/ask rates. But... real estate (espesially in Ukraine) is not commodity asset (like wool, oil, grain, gold, USD etc), so there are no fixed and definite price obviously. You could only watch the trend. And it MUST be a single source. So you can follow the figures from that source to look out the whole trend. I use data from Neruhomist' portal. No one knows exact price for every property, but average weighted index can tell you direction.
Residential is not commercial real estate with well-defined cap rates, selling prices, yield and market players. It much easier to evaluate, you may believe me.
And if you would like to blog here on market trends, prices and forecasting it is strictly welcomed!
In the dot com boom a stock offered at 50cts and listed at $2.00 went to $8.88 8 months later. They then drop to 6.5cts without ever conducting any activity. Price and what something is really worth are entirely different things. Prices of flats in Kiev will crash like the dotcom stocks.
I'm agree in general. But there is one big difference: stock are not physical asset unlike the real estate property. Dot com is just great idea with negative income stream. Even Amazon was in the beginning. So, the great down is pretty low chances, but significant correction (10-15%) is possible
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