“According to developers' estimates, about 50 residential complexes in Kiev and the region have suspended work for the period of quarantine. But already in May, most developers began to resume their work. The market is gradually recovering, although we see the extension of the deadlines for the delivery of projects "- comments Maryna Gurevych, expert at NAI Ukraine / Urban Experts
Since 2017, the dynamics of suburban housing has only been growing, and the number of commissioned apartments in the Kiev region in the 1st half of 2020 was comparable to the figure last year. Gradually, the volume of supply in the suburbs of Kiev prevails over the indicators of the capital
According to developers' estimates, about 50 residential complexes in Kiev and the region suspended work during the quarantine period. But already in May, the work was resumed, the market is gradually recovering.
"Forecast for 2020 - maintaining the rates of the previous year - up to + 15% growth"
The trend towards an increase in demand for suburban housing in general, mainly due to the emergence of new categories of buyers in each segment:
- In the segment of apartments - buyers with small budgets, looking for alternatives to buying an apartment in the capital
- In the segment of cottages - a business audience, replacing the capital for the comfort of suburban life.
There is a recovery in apartment sales after quarantine at last year's level. Developers working in the segment of cottages, townhouses, duplexes note an increased demand for properties compared to last year.
Taking into account the lockdown period, it is expected that in total, for 2020, the sales rate will remain at the level of 95% from 2019, with a subsequent recovery in growth.
Features of the demand for multi-apartment suburban housing:
- Apartments with terraces, with courtyards
- Comfortable and thoughtful layouts
- Maximum infrastructure within the complex, closed area - an example of a "European" suburb
Features of the demand for low-rise suburban housing:
- Increased quality requirements
- Optimization of areas and plots up to 120-170 sq.m. and 8-10 acres, respectively
- Modern and attractive architecture
- Maximum infrastructure inside the complex, closed area
- Maximization of the local area
- Growth in the number and scale of projects
- Modern architecture
The main trends in the suburban real estate market:
Multi-apartment buildings: globally, market trends have not changed, the consumer does not change the desired room level, and is not ready to make significant concessions in terms of comfort, project quality and infrastructure in order to reduce the budget. However, he became more picky, and is ready to spend more time looking for the best option that will satisfy all his criteria. Additional options: maximum infrastructure, terraces, apartments with a plot, planning solutions are more adapted. Top trends: city-within-city development; apartments with increased comfort.
Cottage development: demand is generated by a new category of business audience, well versed in the trends of architecture and construction, making high demands on the convenience of location, environment and infrastructure, quality and convenience of layouts. Top trends: projects with a well thought-out master plan; optimization of formats.
Townhouses: all developers describe the segment as very promising, because it is almost a home for the price of an apartment. For the format to be successful, a compromise must be made between the mentioned types of housing in terms of architecture, and a high-quality location: convenient road, well-developed infrastructure, convenient layout in 2 or 3 levels from 90 to 135 sq. M., And a plot of about 2 acres.
