In first place is Brazil
For several years in Ukraine, the falling prices on residential property.
According to research, for the year 2016 according to the level of falling prices Ukraine took the second place, losing only to Brazil.
International research Global House Price Index shows that the level of decline for the 2016 first in the world ranked Brazil and the second to Ukraine.
As told the head of the Committee of the Association of real estate professionals Edward brazas, the real estate market began to fall in Ukraine in 2008. In 2012 the situation began to stabilize, but after 2 years, the market encountered a record drop.
In 2014, apartment prices in dollar terms fell 2% on a monthly basis. Reasons for the decline in prices a depreciation of the hryvnia, the decline of purchasing power of Ukrainians, the unstable situation in the East of the country.
Now prices are down about 0.5% on a monthly basis.
However, the prices on the “secondary market” in dollars. Even with the lower prices in foreign currency equivalent to UAH real estate has risen.
“In 2013, the average price of a Studio apartment in Kiev was 60 thousand dollars. At the rate of 8 it was 480 thousand. Now the average price for “odnushku” 48 thousand dollars, but at the rate of 26 is already 1.2 million. Of course, when people earn in UAH, to buy an apartment after such a devaluation is very difficult,” – said Maxim Baborak.
First place in the world in terms of falling prices took Brazil. Last year the apartment there are 21.7% less. At the moment odnushku in the capital of Brazil can be bought for 72 thousand dollars, which is about 36 the national average wage. In Kiev, says realtor Maxim Baborak, one-bedroom apartment can be purchased for 48 thousand dollars is a 189 average Ukrainian salary.
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