Kiev elite real estate market – interesting offers and latest trends

Recommendation points

• What is luxury housing
• Favorable location
• Comfort and well-developed infrastructure
• Safety
• Interesting offers on the elite real estate market in Kiev

The elite real estate market in Ukraine began to form in large cities, primarily in Kiev, in 2003-2004.

Sergey Brandt. View from the Castle Hill

Of course, the 2008 crisis had a negative impact on the development of the market, reducing the demand for expensive housing and slowing down the development of this sector, but already in 2009 the situation began to stabilize and currently the share of elite real estate in the real estate market in Kiev is 10% and is stable, although insignificantly growing in price. In 2008, the cost of elite housing in Kiev decreased by 10-20%, and only in 2011 the price per square meter returned to the pre-crisis level and varies on average from 7 to 13 thousand dollars, depending on the location of the apartment or house.

What is luxury housing

What kind of real estate objects in Kiev can rightfully be called elite is still a source of controversy between realtors and developers. Real estate specialists differ somewhat on what criteria should be used to evaluate newly built and reconstructed housing and which real estate objects have the right to qualify for the status of elite, deluxe and premium class housing. Some experts believe that such real estate can only include objects whose total value, regardless of the area, exceeds $ 300,000. Others, speaking about real estate in Kiev, believe that residential apartments and houses can be classified as elite housing, the cost of one square meter of which ranges from 3 to 10 thousand dollars.

In any case, very high requirements are set for elite real estate, and in order to qualify for such a prestigious status, apartments and cottages must have the following qualities:

Favorable location

Elite real estate in Kiev is currently located in such central areas as Shevchenkovsky – the historical center of the Ukrainian capital and Pechersky – Verkhny Pechersk and Lipki. A distinctive feature of the elite real estate in Kiev is the presence of a nearby park area, the atmosphere of an ancient city that has been preserved in many historical districts of the capital of Ukraine, remoteness from industrial facilities, proximity to the main infrastructure facilities – children’s institutions, hospitals, shops, transport interchange. Kiev is also distinguished by an abundance of elite real estate, located in a beautiful area, practically untouched by mass development, on the banks of the Dnieper or in remote from the center, but at the same time located within the city, cottage settlements, such as “Konyk”, located on the bank the river of the same name in the Goloseevsky district of Kiev or “DREAM LAND”, which claims the title of a unique spa village and is located only 34 kilometers from the main street of Kiev – Khreshchatyk.

Vladimir Konstantinovich Botezat. Kiev. Khreshchatyk. 2007

The prestige, the so-called “brandness” of the area, also has a great influence on the cost per square meter. Thus, the village of Koncha-Zaspa, in which representatives of the party elite settled back in Soviet times, is currently considered the Kiev version of the Moscow Rublevka and the prices for cottages in this area exceed $ 1 million;

Comfort and well-developed infrastructure

By paying a substantial sum for elite housing, the owner of a luxury apartment hopes to completely get rid of such problems as power outages or hot water interruptions, as well as to receive guarantees of high-quality service of the local area;

Safety

Elite housing implies some privacy, which arises from the very cost of a square meter of living space, and is also provided by a closed, guarded territory of a cottage village, an apartment complex or a club house.

The most prestigious are currently the apartments in the club houses of Kiev.

According to the situation in the first quarter of 2011, not all residential complexes under construction in Kiev can be considered elite real estate in all respects. The maintenance of some apartment buildings is not at a high level, and elite penthouses overlooking the Dnieper can coexist with business-class or even economy-class apartments located on other floors. The most prestigious at present are the apartments in the club houses of Kiev, designed for a small number of residents, this is really elite housing, which is not available to everyone.

Interesting offers on the elite real estate market in Kiev

Today, the most expensive apartment in Kiev is considered to be a two-level penthouse on Desyatinnaya street for sale on the primary housing market, the area of ​​this object is 540 square meters. One square meter in this luxurious and prestigious club house, which houses only nine apartments, costs a record $ 21,300 for Kiev. The Kiev record holder is certainly far from the most expensive apartment in Moscow, according to the latest data, the cost of 1 square meter in the Golden Mile area in the Central District of the Russian capital reaches 80-109 thousand dollars.

The second place in the ranking of the most expensive elite real estate in Kiev is occupied by a penthouse in the Fresco Sofia residential complex, which offers its residents the services of a fitness center and underground parking. Its cost is 14.4 thousand dollars per 1 square meter.

The third and fourth places are occupied by apartments located in an elite complex on 9-a Hrushevsky Street. This twenty-storey complex, which is located in the center of the Ukrainian capital, offers apartments, the cost of which reaches 13.9 thousand dollars per square meter. The most expensive housing that can be purchased in this complex is a nine-room apartment with an area of ​​640 square meters, the owners of which can enjoy the view of the Mariinsky Park and the Dnieper.

The most expensive houses in Kiev are located in Goloseevsky and Pechersky districts, their cost can reach 4-7 million dollars.

12.8 thousand dollars will cost 1 square meter of the area of ​​a six-room two-level apartment on 5-V Barbyusa Street. This 327-meter apartment is fully furnished, equipped with underfloor heating, air conditioning and all necessary household appliances..

Also, the rating of the most expensive housing in Kiev includes such proposals as:

• a two-level penthouse with an area of ​​741 square meters in a club house on Moskovskaya Street, the price of 1 square meter of this living space is 10 thousand dollars;
• a three-storey penthouse located near the Arsenalnaya metro station on Moskovskaya street 27. The owners of a fourteen-room apartment with an area of ​​740 meters and a ceiling height of 3.6 meters can enjoy all the privileges of living in an elite club house – they have a swimming pool, SPA-salon, a gym, a winter garden and a sports complex. The cost of 1 square meter is also 10 thousand dollars;
• six-room apartment in the Pechersky district of Kiev on Gastello street – the cost of 8.8 thousand dollars per 1 square meter, total area 508 square meters. In this club house “Jardan Le Roi” there are only 5 apartments, as well as apartments for the staff.

The most expensive houses in Kiev are located in Goloseevsky and Pechersky districts, their cost can reach 4-7 million dollars. Currently, the most expensive mansion in the Ukrainian capital is the house in Pechersk on Panfilovtsev Street. The three-storey building with an area of ​​620 square meters is estimated by the owners at $ 7 million (about $ 11.2 per square), is equipped with an elevator, gym, sauna and has an extensive park area.

Currently, the elite real estate market in Kiev is just developing and is still unable to catch up with the Russian capital in terms of the variety of offers. The imperfection of the legislative framework of Ukraine does not contribute to the development of the construction of new elite complexes; to acquire a land plot for the construction of a house in the central districts of Kiev is a difficult and difficult task. However, analysts are still optimistic about the further development of the market for proposals for elite real estate, predicting a stable growth in value and an increase in demand already in the fall of 2011.