Economic conditions, such as low incomes and rapid price increases, are prompting Ukrainians to pay attention to the secondary housing market. At the same time, the primary market remains attractive for those willing to invest more for future comfort, experts note.
This is reported by Finway
Trends in the Real Estate Market
According to survey results, 61% of respondents have considered or are considering purchasing housing in both the primary and secondary markets. Only 14% focus exclusively on the primary market, while 24% of respondents prefer only the secondary market.
However, the primary market has its drawbacks: 69% of buyers are concerned about the risks of unfinished construction, and 61% worry about potential delays in project completion. Other drawbacks mentioned by respondents include high costs (42%), expenses for repairs and furnishings (38%), waiting for construction to finish (42%), and distance from the city center (21%).
Advantages of the Secondary Market
In contrast, an apartment in the secondary market offers the possibility of immediate occupancy, which is considered a key advantage for 68% of respondents. A meaningful assessment of the actual condition of the property (57%), developed infrastructure (51%), and a greater choice of neighborhoods (34%) are also noted as significant benefits of the secondary market. Additionally, respondents often cite lower prices as a decisive factor when choosing housing.
Regarding the budget for purchasing their own housing, 44% of respondents plan to spend up to $30,000, while 35% aim for up to $60,000. Meanwhile, 52% of respondents are considering only new residential complexes built after 2011, while the rest are looking at options from the period between 1991 and 2010.
“The primary market has its drawbacks: 69% fear the risks of unfinished construction”