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Wednesday, May 16, 2007

Residential construction figures and pricing in Dnepropetrovsk

In this year Dnepropetrovsk region finished 74K sqm of residential buildings, which is 10K more rather than year before.

According to the press department of service of D
nepropetrovsk region administration, the total volume of residential construction increased by 15%, while in Ukraine it is 4% growth. The private developers built more than 80% of total residential buildings.

Nearly a third of housing built in the regional center.

So far, according to the Dneproperovsk real estate experts, price increasing in the new construction has stopped. According to the analyst of RealNest company, the slowdown in prices in the primary market can be attributed to a decrease in demand, which fell by about half with the same supply.

The average price per square metre in in new buildings in Denepropetrovsk which is scheduled for the end of 2007 is about USD 1500, and for the objects which will finish during 2008 - about USD 1100.