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Author Topic: How much does it cost to buy a vacation house in Ukraine?  (Read 164 times)

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Online Tom Cat

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How much does it cost to buy a vacation house in Ukraine?
« on: November 14, 2017, 05:58:07 PM »
I thought the prices in this article were  a bit expensive considering the economy is depressed.


How much does it cost to buy a vacation house in Ukraine?

https://www.kyivpost.com/business/much-cost-buy-vacation-house-ukraine.html
Don't shoot the messenger, links to articles posted, don't necessarily reflect my personal opinion.

Offline el_guero

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Re: How much does it cost to buy a vacation house in Ukraine?
« Reply #1 on: November 14, 2017, 06:25:30 PM »
I thought the prices in this article were  a bit expensive considering the economy is depressed.


How much does it cost to buy a vacation house in Ukraine?

https://www.kyivpost.com/business/much-cost-buy-vacation-house-ukraine.html

How much should a 'depressed' economy lower the cost of new construction?

Online Tom Cat

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Re: How much does it cost to buy a vacation house in Ukraine?
« Reply #2 on: November 14, 2017, 08:43:11 PM »
I thought the prices in this article were  a bit expensive considering the economy is depressed.


How much does it cost to buy a vacation house in Ukraine?

https://www.kyivpost.com/business/much-cost-buy-vacation-house-ukraine.html

How much should a 'depressed' economy lower the cost of new construction?



That depends on the demand, but if the average Ukrainians income is down, there should be a lower demand. If labor costs are down then the cost of new construction should be down also.
But the real deals would be mainly found in existing homes and flats.
Don't shoot the messenger, links to articles posted, don't necessarily reflect my personal opinion.


Offline el_guero

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Re: How much does it cost to buy a vacation house in Ukraine?
« Reply #3 on: November 14, 2017, 10:54:56 PM »
HOW would demand being lower in Ukraine lower the cost of Materials?

HOW would demand be lower when there are 1.8 million IDP's? Internally Displaced Persons - the in vogue term for 'refugees.'

Wages lower? Ukraine is suffering from inflation, and depreciation of the Hryvnia. AND the minimum wage was just increased.

I am trying to understand why you think a market collapse happened in Ukraine?

I can understand a moderate short sellers attitude. But, people still need to pay to live somewhere. AND all the foreigners that drove the prices up 4 or 5x what they should have been are NOT selling 20 cents on the dollar - they want 'THEIR MONEY BACK.'

Online andrewfi

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Re: How much does it cost to buy a vacation house in Ukraine?
« Reply #4 on: November 15, 2017, 03:48:15 AM »
Lower demand means lower margins which means lower material costs.
Higher unemployment means greater competition for work which means lower wages. Same applies to work carried out by contractors.
Inflation does not mean that wages go up, inflation means that prices go up.
Minimum wage is irrelevant in market sectors where payment is often under the table - construction is well known for being such a sector.

Labour is a significant part of the price of new builds. Given the cost of construction, a small decrease, in percentage terms, for any element can be a large number in real terms.

A piece of real estate can be marketed at whatever price the prospective vendor desires. The value is no more than a prospective buyer is willing to pay. The market price is the eventual price agreed as a result of negotiation. A place that is too highly priced will remain on sale for a long time. Expat properties in almost any economy form only a tiny part of the market but are highly visible to, guess who, expats and foreigners.

Depreciation of the national currency means that in foreign currency terms prices have fallen. Inflation is always in local currency terms as a larger number of local currency units is required to buy foreign currency units. Inflation is a reflection of the price of a currency.

Basically, this is very simple economics and maths, general knowledge level for most people, surely?

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Offline Steveboy

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Re: How much does it cost to buy a vacation house in Ukraine?
« Reply #5 on: November 15, 2017, 03:56:13 AM »
How much is an apartment in Ukraine? New..

Online AvHdB

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Re: How much does it cost to buy a vacation house in Ukraine?
« Reply #6 on: November 15, 2017, 07:03:10 AM »
How much is an apartment in Ukraine? New..

Location, Location, Location. . .

But it depends if it is from the builder or unfinished and on the secondary market, meaning purchased for speculation.
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Offline Steveboy

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Re: How much does it cost to buy a vacation house in Ukraine?
« Reply #7 on: November 15, 2017, 07:43:33 AM »
How much is an apartment in Ukraine? New..

Location, Location, Location. . .

But it depends if it is from the builder or unfinished and on the secondary market, meaning purchased for speculation.

Just a 1/2 room apartment in Kiev New , nothing luxurious just a normal nice place in a new block ? I was just wondering that is all..

Online AvHdB

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Re: How much does it cost to buy a vacation house in Ukraine?
« Reply #8 on: November 15, 2017, 07:54:35 AM »
How much is an apartment in Ukraine? New..

Location, Location, Location. . .

But it depends if it is from the builder or unfinished and on the secondary market, meaning purchased for speculation.

Just a 1/2 room apartment in Kiev New , nothing luxurious just a normal nice place in a new block ? I was just wondering that is all..

A two bedroom apartment in a new build from the builder in a finished building outside of a prime location can be from 60,000 to 100,000 US $. Move to high Perchersk and the prices more than double. There is in Kiev a shortage of housing but it is at a lower (affordable) price class.

Bear in mind these are units that you must finish & furnish, to your desire or standards.
“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

Offline Steveboy

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Re: How much does it cost to buy a vacation house in Ukraine?
« Reply #9 on: November 16, 2017, 03:38:52 AM »
How much is an apartment in Ukraine? New..

Location, Location, Location. . .

But it depends if it is from the builder or unfinished and on the secondary market, meaning purchased for speculation.

Just a 1/2 room apartment in Kiev New , nothing luxurious just a normal nice place in a new block ? I was just wondering that is all..

A two bedroom apartment in a new build from the builder in a finished building outside of a prime location can be from 60,000 to 100,000 US $. Move to high Perchersk and the prices more than double. There is in Kiev a shortage of housing but it is at a lower (affordable) price class.

Bear in mind these are units that you must finish & furnish, to your desire or standards.

Thats dam expensive!!! We brought 2 studio apartments recently for 1.3 million roubles each only small for the kids..you can buy new builds very inexpensive here a nice 1 room apartment in a high quality new block about 45sq meters you would pay  less than 3 million roubles, with cash you can get a good deal..you can find much cheaper out at the last metro stations. There are new builds here very where , they are building like crazy all over the place, some very very nice places..

There are many really nice places in green areas but pretty expensive..

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