Throughout the autumn, in accordance with the previously announced forecasts of most experts, there was a certain lull.
In August, transactions with real estate objects were quite actively carried out on the market, but after the entry into force of restrictions by the National Bank, regarding cash settlements within UAH 150,000, the actual number of transactions decreased significantly.
Experts are already citing data according to which the market has fallen by about 40 percent compared to the activity demonstrated in August. If no fundamental changes are made next year, then 2015 may already be marked by stability and will prevent subsequent stagnation.
In this regard, the population is more often interested in redevelopment of apartments than in the purchase of a new one for cash. You will agree with me if I say that sometimes it is easier to redevelop than to exchange housing.
But the legislative activity of domestic parliamentarians simply brings some experts into a state of shock – they adopted a new procedure for the procedure for registering ownership of real estate objects, implemented a new and rather controversial valuation reform, and the actual limitation on the calculation helped to finish off the already disturbed activity in the real estate market in cash. But such a large number of innovations in the real estate market is highly undesirable, since it is an integral organism, which should be introduced or modernized only gradually.
In a number of regions, the number of transactions carried out turned out to be at the previous levels. As for the pricing policy, according to the results of the year, it will be possible to talk about an increase in the value of real estate objects within 6 percent, compared with the figure shown a year earlier.