How to increase the apartment
Creating something massive, the manufacturer focuses on general needs and does not take into account the individual desires of people. This also applies to housing in high-rise buildings. More people…

Continue reading →

How to create an OSMD in Ukraine: step-by-step instructions, problems and solutions
Often, developers' operating companies do not want to transfer tenants the right to manage a new building In Ukraine, the number of co-owners of apartment buildings is growing, because this…

Continue reading →

Where to go in Kiev for the New Year: a program of entertainment events from December 28 to January 2
In Kiev for the New Year 2020 are planned a lot of recreational activities, you can go with your family. In this review you will find many options where to…

Continue reading →

Law on the sale of land: what will change for developers and home buyers

Free sale of land carries certain risks.

The Verkhovna Rada is preparing to adopt the Law “On the Land Market” in the second reading. In Ukraine, it will be possible to buy and sell agricultural land. The law will affect the real estate market.

How to change the construction market after the lifting of the moratorium on the sale of land, learned the portal “Capital real estate” 100realty.ua.

New opportunities for developers
Ukrainian developers, especially during the construction of housing in the suburbs, often bought agricultural land and changed it to “building a house”. Thus, they managed to “circumvent” the moratorium.
With the adoption of the law, the process of selling land for development will be easier.

“The opening of the land market may allow large Kiev developers to expand the“ geography ”of their activities and go beyond the borders of Kiev. In fact, land, as a commodity, will allow companies to actively develop the territories included in the Kiev agglomeration. First of all, this applies to improving the quality of housing and the development of related infrastructure. For the implementation of their projects, Kiev developers are attracting land users or renting land themselves, but in very rare cases they are ready to purchase them. After all, the houses built are transferred to the balance of the city, and the construction on the acquired plot automatically increases the cost of construction by an average of 20%, ”says Angelika Sahakyan, marketing director of the multi-functional residential complex“ Polaris Home & Plaza ”.

Related article: Taxes on real estate transactions in 2020: how much, when and what’s new

In her opinion, now in conditions of limited demand, few are willing to decide on such a step. Developers are more focused on solving existing problems and are waiting for the continuation of the initiated reforms: approval of Geplan and the opening of the State Geocadastre, adoption of a number of regulatory documents on investor protection, etc.

“But I do not exclude that the opening of the land market is quite likely to entail the departure of some companies from the Kiev market. Of course, in Kiev housing is 25-30% more expensive than, say, in the nearest suburb of the capital. But these are new opportunities that will allow us to implement the most ambitious projects, ”she says.

At the same time, with the opening of the market, the schemes according to which they received land for construction illegally or semi-illegally should disappear.

“The opening of the land market can eliminate all existing schemes by which they managed to build on new plots not intended for residential construction, and paralyzes the operation of shadow rolling schemes with land allotment for development. The gray scheme according to which agricultural land is allocated for development, changing the purpose, is nothing more than a vivid example of the paralyzed system of the GACI and a direct signal that it is necessary to begin the reform of the State Land Cadastre. According to this scheme, construction was usually carried out in the suburbs of Kiev, negotiating with the local authorities through kickbacks, ”said Viktoria Bereshchak, an expert on the real estate market.

Opening a land market will reduce corruption risks
Obtaining land for construction is always a difficult process for developers, which ultimately affects the price per square meter of housing built.

“For developers, the discovery of land is the destruction of yet another corruption component that impedes their activities. When the land is owned by the developer, it practically does not depend on the local government, which previously managed the land resources of a particular locality. Of course, many developers who sell apartment buildings are used to renting land, because the ZhK built by them, after they are put into operation, become on the balance of the settlement, ”says Tatyana Shulga-Zabelskaya, managing partner of the RED Community.

Thus, if the corruption component decreases, they will build more actively.

Related article: Mortgages in Ukraine in 2020: what are the conditions and how much loan rates will be reduced

Development land will rise in price
The opening of the land market will increase the price of hundreds. Demand will be quite high.

“There is and will be a demand for land that is in close proximity, let’s say, in a junction with major cities and major transport hubs, for example, to the Borispol airport. Land plots located along the highways leading to the transport hubs will also be attractive. In addition, you should not discount land located within the boundaries of satellite cities. When opening the land market, it can be assumed that the value of such land plots when changing their purpose, will increase. Now they say that before the opening of the land market for foreigners, the average price per 1 ha will not exceed 2-3 thousand dollars. I want to remind you that today, for example, in satellite cities

What awaits commercial real estate in Kiev in 2020: expert forecast
Commercial real estate in Kiev in 2020 will continue to develop rapidly. Experts agree that now there are favorable conditions for business development and, accordingly, this has a positive effect…

...

Warehouses for storing personal belongings: will there be a demand for the service?
Storage features and how much it costs In Kiev, there are warehouses for personal storage of things. Such many have seen in American films or abroad. What awaits this segment…

...

Law on the sale of land: what will change for developers and home buyers
Free sale of land carries certain risks. The Verkhovna Rada is preparing to adopt the Law "On the Land Market" in the second reading. In Ukraine, it will be possible…

...

How to privatize an apartment or a dormitory room in Ukraine for free: list of documents and sample application for housing privatization
The Ministry of Regional Development, Construction and Housing and Communal Services publishes information for those wishing to privatize housing in Ukraine The Ministry of Regional Development of Ukraine has published…

...