Aug 23, 2011
Real estate market in Ukraine does not show any signs of living at least for the summer months. Foreign investors are not eager in invest their money in Ukrainian property as its price has been slowly coming down since world wide economical recession in 2008. Less people were moving to big cities as they no longer had same job opportunities they used to.
Real estate agencies operating in the Ukraine are experiencing tough times making their living with so few deals at the moment. Although, according to the analysts, the real estate market is going to slightly start recovering in September, when people are back from vacations. That slight recovery is not going to drive the price up, as now people are buying much wiser taking into consideration many different factors, especially with so many offers on the market at the moment.
Real estate analysts say that the prices have not reached the bottom yet, and people interested in purchasing real estate in Ukraine should wait a little more for the good buy. Indeed, the best time to buy property is when the market is depressed, but what to do if it stays this way so long? Experts say that if you find reasonably priced property that matches your criteria at the moment it makes sense to buy it now, as now market gives more offers than when it’s recovered. Some people say that if you are looking to buy property in crisis, you couldn’t be any more fortunate.
Just buy right and you’ll have nothing to loose, especially in big cities where apartments can be rented out if you do not live there.