In 2005, price growth in the primary housing market in Ukraine will reach 15%, and in the secondary market – 15-25%. This forecast was made during today's press conference by the president of the Association of Real Estate Specialists, Oleksandr Bondarenko, reports UNIAN.
He noted that such price growth is not large and is normal. Bondarenko believes that one of the factors in the rise in housing prices will be dollar inflation, since practically the entire real estate market in Ukraine is dollarized.
He also added that such a forecast is valid provided that the political situation in Ukraine remains stable, there is positive dynamics in economic development, and the new government manages to "tighten the inflationary spiral unleashed by the previous government." Bondarenko named the absence of psychological pressure regarding inevitable growth from developer companies as another prerequisite for such price growth. "If there is positive dynamics in the economy, then prices should rise," the expert added.
Recall that in 2004, housing in Ukraine rose in price by 30-37%, and in 2003 – by 30-50%.