During the meeting of Realtor’s Chamber, the most acute issues of the real estate market in general and the ways to stabilize the whole situation were actively discussed.
The meeting was attended by almost all representatives from regions of the country. Thus a full and vivid picture of the current state of the real estate market in Ukraine was compiled. But the bottom line is that the picture is not very happy, and the future outlook is very dim.
There are several reasons for this uncertainty. First and foremost we would like to draw attention to the complicated economic and political situation in the country. To this we must invariably add the change of government, the annexation of the Crimean peninsula, the relative instability in the eastern regions. Operators are recording a fairly large flow of migrants in the direction of the western and central regions of the country, which eventually provokes additional risks for the collapse of the entire real estate market in the eastern and southern regions, as well as an increase in rental values in the western regions of Ukraine.
Most players in the eastern region expect martial law to be introduced in the country. For the real estate market in the country this will mean complete chaos, since all the agreements made up to that time provide for such a development in the context of “force majeure”, thus releasing all the parties involved in the transaction from their previous obligations. In this case, many buyers and sellers who use gray schemes will decide to cancel the previously established agreements.
Certain concerns also arise in the context of the national hryvnia situation, first of all its instability.
