The first explosion that occurred in the capital on February 24, 2022 still echoes in the memory of Ukrainians. Over time, you get used to everything and even to the fact that current realities can no longer be confidently called safe. Having recovered from the first shock, our country firmly decided that life in fear was not for us, so gradually all areas of the economy and businesses rose from the ashes to continue to bring investors and entrepreneurs the usual profits and provide citizens with jobs. The real estate market was no exception, and was among the first to show that in order to return to pre-war indicators, one must not wait, but act. How exactly should you proceed? Let's find out from the experts.
Consider factors and analyze trends
Stability of the situation and level of security 🛡️
Of course, in war conditions it is impossible to talk about security with one hundred percent certainty. But regularly provided information reports allow you to monitor events in specific regions. The central and western regions of Ukraine still remain the safest and most in demand. It would also be a good idea to take a closer look at those territories that are temporarily inaccessible or located in a zone of active military operations. When the situation changes in our favor, a lot of offers will appear on the market. You need to keep your finger on the pulse in order to hit the jackpot. Temporarily inaccessible areas will be rebuilt and developed by leaps and bounds. Local real estate may rise in price at the same rate.
Risks associated with legal and financial aspects 📜
Martial law has left its mark on many processes for resolving certain issues. Legal procedures and innovations in tax legislation require detailed study because they can become both causes of additional difficulties and shortcuts to achieving the goal. So, for example, in the case of taxes on real estate, additional preferential categories have appeared. And upon closer examination power of attorney, as a way to remotely carry out the necessary operation with a piece of real estate, you can detect changes in the validity period of the document - if previously it was clearly defined, now the power of attorney can be valid until you achieve the required result. You can also identify specific terms directly in its text.
The influence of the economy and other factors on demand 📈
The economic condition of the entire country underwent significant changes with the outbreak of the war. Now the situation is approaching stable, so make forecasts based on analyzing current trends has become much easier. But this does not negate the fact that even in peacetime there remain factors beyond control. The real estate market, the ratio of supply and demand is largely influenced by seasonality, trends and features of objects, occupying leading positions among thousands of offers.
Be that as it may, there are always some properties that will always be popular among tenants and will not lose in value, no matter how much the economy sinks. In the first case we are talking about one-room apartments, as the most affordable option, which is suitable for one person, a couple or a small family. Of course, if you don’t save at all and don’t choose as much as possible budget options with a minimum number of amenities. As for real estate for purchase and subsequent sale, then premium segment over the years, like good wine, it only increases its value. In addition to its location, materials affect the price. High quality never loses its relevance and attractiveness.
If you want to sell, sell! If you want to pass, pass!
The crisis has passed, so now the number of not only those wishing to rent prestigious real estate, but also to buy it has increased. Whatever you plan to do with your property, you need to prepare it properly. If a year or two ago the client could not find a suitable option, now he freely chooses among hundreds of offers. In order for your ad to stand out from all the others, you need to approach it correctly to its formation and design. For a successful sale, we recommend that you start with the procedure real estate assessment . Then the operating principle of sellers and landlords similar:
- prepare documents so that you can confirm ownership of the object and convince the other party to the contract that you are not a fraudster;
- pay off all debts on utility bills, so that new residents do not have problems;
- prepare the object for viewing. To do this, you should get rid of unnecessary things and do a general cleaning. In some cases, simple cosmetic repairs may be necessary;
- arrange a photo shoot, but not for yourself, but for an apartment or house. A professional photographer will be able to highlight the advantages and hide the disadvantages. A video review will also be useful, giving a more complete picture of the object;
- write a competent description of your proposal so that the reader can understand how suitable it is for him.
A person who does not have experience in such matters may have difficulties determining the exact market value, posting an ad on platforms and further communications with potential buyers or tenants. We recommend that you seek help from real estate agency so as not to waste time and money on futile attempts to do everything yourself.