Things in the secondary market are getting interesting.
The drop in secondary market inventory for Kyiv residential apartments continues to show in prices which are currently up +15.2% YOY. With current inventory of listings down another -37% this trend will likely only increase in severity, continuing to push prices up.
Down from a peak of over 22,400 in March 2017, we are now sitting at 10,860 active listings with this year’s average monthly reduction being 516 units. If this trajectory continues, we are looking at a -50% inventory reduction for 2020. This can only be very price positive.