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Real estate market restructuring

08.01.2023
Real estate market restructuring

Considering the last 2013, from an analytical point of view, one can come to a completely logical conclusion that the indicated period was quite painful in terms of reforming the domestic real estate market. A total of three large -scale legislative reforms were initiated at once:

– change in the procedure for registering property law;

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– implementation of cashless calculations in national hryvnias;

– introduction of an updated procedure for evaluating real estate objects for better taxation.

The past 2013 was noteworthy and the fact that it was in it that domestic authorities intended to introduce housing tax for the first time for the first time. Then the initiatives were postponed several times and in the end it was decided to introduce tax since the beginning of January 2014.

The changes occurred not only at the legislative level, but also in the vector of purchasing demand. An increasing number of our compatriots, acquiring their own housing, prefer the primary market. Especially attracts real estate in which a smart home technology is implemented. The country’s political priorities had a certain influence on the domestic real estate market. Despite such rather active reforms, as well as confrontations, the average cost of proposal in the country throughout the year was a certain extent stable.

As for the changes, in the predominant majority of cases they concerned exclusively separate segments. At the same time, such causes of fluctuations are inherently exclusively traditional: a fairly significant change in the qualitative composition of the real offer, as well as more significant stratification in the real estate market. All 2013 was held under the motto – a shift in customer demand towards the primary real estate market.

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