What awaits developers in 2017 - expert

  • 26/02/2016

2016 year for the Ukrainian real estate market, in contrast to the economy as a whole, turned out to be much better than one would expect. A large number of new projects appeared on the market, and the demand, despite the decline in the income of Ukrainians, was stable. Nevertheless, 2017 has already managed to be marked by new challenges for metropolitan developers.


Thus, on January 17, the Verkhovna Rada adopted the Law “On Amendments to Certain Legislative Acts of Ukraine Concerning the Improvement of Urban Planning”, which significantly changes the working conditions on the market.It is about replacing the five categories of complexity with three classes of consequences.“If earlier to start the construction of low- and mid-rise facilities, only a declaration on the commencement of construction work was needed, now the developer will need to obtain a building permit. Thus, the process of obtaining documentation can take a long time, ”Anna Laevskaya, Deputy Commercial Director of Intergal-Bud, told StroyObzor.

The issue of raising the cost of connecting to power grids, adopted by the National Commission, which regulates the state in the field of energy and utilities, raises no fewer questions.According to experts, this is a big blow for the market - both for large and for small developers. Such a tightening of the working conditions of the construction market, one of the locomotives of the Ukrainian economy, looks very strange. Back at the beginning of last year, the government announced its intention to raise the position of Ukraine in the Doing Business rating - now we see a curtailment of the announced reforms.


2017 will be held under the banner of the struggle for the buyer. The abundance of proposals makes developers do everything possible to highlight their project. This concerns both the concept itself and the terms of sale.There is some decline in the demand for real estate.“This is especially true for objects in which the price-quality ratio is not respected.

Over the past few years, the purchase budget has decreased significantly, so buyers choose objects with thought-out planning solutions, developed internal infrastructure, located in locations with good transport accessibility and, of course, from a reputable developer, because reputation is no less important factor in choosing housing, than the low price, ”- said the speaker.In addition, the scandal surrounding the arrest of one of the most odious developers in Kiev did not go unnoticed, resulting in the stopping or freezing of more than 40 building sites. As a result, buyers began to more carefully approach the choice of apartments.

As a rule, the activity of individual unscrupulous developers causes damage to the entire market.“Developers will stimulate demand through a number of effective tools - holiday discounts, installment programs, as well as additional options. For example, Intergal-Bud offers trade-in and turnkey repair services, which allow to expand the target audience, ”added Anna Laevskaya.