A win-win situation. Why it is profitable to invest in housing in Ivano-Frankivsk
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The material was released with the support of the blago company.
In 2023, the global consulting company Knight Frank asked more than 500 of the richest people (financiers, bankers, investors) with a fortune of more than $2.5 trillion about where they invest their money. It turned out that almost half of them invest in real estate: 32% – in residential, 14% – in commercial.
“But we are in Ukraine, we have a different situation,” – you can object to this.
A joint study of the website of the Ministry of Finance and leading investment and financial companies showed that a third of surveyed Ukrainians aged 20 to 50 still plan to invest in real estate: more – in residential, slightly less – in commercial.
Analysts of the LUN company add that interest in the topic of buying apartments in 2023 was 70-80% of the indicators of 2021 and continues to grow.
Advantages and risks
Why is it worth investing in real estate even during a war? First, money tends to depreciate, and quality housing will always increase in price. Only during 2023, the median price per square meter in new buildings in Ukraine increased by 10-20%, analysts of the LUN company note.
Secondly, it is a conservative and most predictable investment of money. In addition, such an investment does not require narrow specialized knowledge, except for the consultation of a specialized lawyer.
The main risks of investing in real estate today are obvious – the destruction of the construction site and an unreliable developer. The selection of safer regions and careful selection of the developer will help to level them.
For example, last year in Ukraine, 70% of investments in housing, according to the Ukraine Economic Outlook group, fell on the western regions. In addition, there are companies that have been working on the real estate market for a long time and have already commissioned dozens of properties.
How to make money on real estate
The most common option of investment in real estate is the purchase of housing for further rental. This allows you to receive a passive income of 8-9% per annum for a long time. The price of renting an apartment in a new building is usually higher than the price on the secondary market.
The second option for making money on real estate is resale. There are options here. For example, first rent an apartment, and when the price rises – sell it.
You can also buy an apartment in a new building, renovate it and sell it at a higher price – many people, especially now, are looking for housing that they can move into as soon as possible.
The fastest and biggest profit – up to 30% – will be brought by buying an apartment at the beginning construction of residential complex and its sale after putting the building into operation.
Maybe Ivano-Frankivsk?
Why are investments in Ivano-Frankivsk real estate becoming more and more attractive? Ivano-Frankivsk differs from other cities of western Ukraine in several features. First of all, housing prices are still low here, unlike Lviv or even Uzhhorod, where a square meter is significantly more expensive, according to LUN statistics.
If in Ivano-Frankivsk as of February 2024 the median price per square meter from the developer was 30.5 thousand UAH, then in Lviv – 50.5 thousand UAH, in Uzhgorod – more than 40 thousand UAH, in Chernivtsi – about 35 thousand UAH
At the same time, a year ago, a square meter in a new building in Ivano-Frankivsk still cost UAH 25,000. Therefore, the price of housing in Ivano-Frankivsk is still affordable and tends to increase, which stimulates the demand for real estate in the city.
In addition, Ivano-Frankivsk is a comfortable city to live in, which is confirmed by a number of expert studies and surveys. There are many green areas, developed transport infrastructure, high-quality communal services and friendly people.
Entrepreneurship is also developing in the city and the IT community is growing, because salaries here are on par with many big cities, and the standard of living and comfort is much better.
If we talk about salaries and the price of apartments, then to buy real estate in Ivano-Frankivsk you need 5.8 average annual salaries, as calculated by the analysts of the LUN company. An apartment in Lviv will cost 9.8 annual salaries, in Uzhgorod and Lutsk – 9 each, in Chernivtsi – 7.7.
Residents of Aitiv can buy housing in Ivano-Frankivsk for about 0.9 of their annual salary.
“It’s a good idea, but will there be enough options for everyone?” – such a thought may arise from those who have just thought about the reliable investment of free money.
Today in Ivano-Frankivsk, there are 155 rows of residential complexes for sale, 119 rows are under construction, 9 are at the excavation stage.
A large share of the real estate market in Ivano-Frankivsk is occupied by the blago company, which offers apartments in comfort and business class complexes. The developer has been working for more than 20 years and has commissioned more than 200,000 units in 2022-23 alone. m² housing
So, maybe in order to take care of your future, you should buy tickets to Ivano-Frankivsk?
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