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Single families - easy to buy, hard to sell
2011-10-14 13:09

 At the present, market of single families is a buyer’s market. Home offers and supply for sale is larger than demand for such real estates. Oversupply is a result of 2007 boom. Investors were attracted by rising prices of estates and began a lot of investments for single families, that were realized in 2007-2009. However, they did not predict that situation on market would drastically change. Some of investments that were realized in this period had not been sold, and simultaneously other were built. For buyers it is a right time to chose a good estate and to try the price negotiation. It does not mean that they will be successful. Many investment prices have been cut few times already and often houses are sold on the border of viability. But it is worth trying.


 To sell a house quickly and to gain a satisfactory price, its size, place and other important parameters have to fulfill needs of large group of buyers. It is not easy on market which is oversupplied, and less liquid than housing market. It does not mean that there are no clients for houses. Buyers are present but have strong requirements.


The most demanded are offers of small houses, priced similarly to middle-sized flat in downtown. Optimal usable area equals 150 sq. m. The lot where the house is placed shall of size between 5- 10 ares.



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