Rapid increase in number of single-family houses under construction
16:11
In the housing construction sector, there was a rapid increase in the number of single-family houses built for their own needs by natural persons. Their number at the level of 5,200 was about 62.6 percent higher than in January 2019 - according to the analysis of HRE Investments.
“This confirms that in the face of rising housing prices in large cities, more and more people are looking for their place on earth farther from the centers. Not without significance is the improving financial situation of compatriots, which means that more people can afford to buy or build real estate,” the analysts wrote.
HRE Investments notes that slightly better data was also reported by developers who managed to exceed the level of 10,000 apartments in January, whose construction has begun.
“This is still the effect of high demand for apartments - they are bought both for their own needs and for investment purposes,” analysts said.
Individual investors have commissioned 6,400 apartments - by 2.6 percent more, while developers 10,600 - by 0.8 percent less than in the same period a year ago.
"These data thus prove the continuing high production of new properties. The increasing number of new investments being opened over the years means that it is almost certain that in the whole of 2020 we will again exceed the level of 200,000 new properties whose construction will be completed," the analysis reads.
HRE Investments also notes that there are problems in the area of building permits.
(PAP)
