Maybe it's worth saving up?
The average salary of a Ukrainian is about 10,000 hryvnias per month. The highest salaries in Ukraine are earned in Kyiv and Dnipro. For many, the question is relevant: "What can I afford with such a salary?"
Also, do not forget that the dollar exchange rate does not stand still either, if you consider not only wages. That is why, already in 2021, the cost of housing in Kyiv rose by 5-6 thousand dollars.
Those wishing to purchase real estate with a mortgage may also face a large number of problems. The interest rate, which is much higher than in other European countries, is considered a particularly acute issue.
Different cities of Ukraine and the average cost of housing
Kyiv. For Kyiv, the average cost of a one-room apartment is approximately $58,000. Those wishing to buy an apartment in the center of the country should remember that even with the highest salary levels, the time to accumulate the necessary amount will be about 30 years.
Odesa. As it turned out, the "pearl by the sea" ranks second in terms of apartment prices. Those wishing to purchase a one-room apartment in the hero city can carry out their plan for $38,000. Thus, with a salary of 13,000.00 hryvnias, you can save up for housing in about 10 years.
Lviv. A one-room apartment in this city costs about $33,000.
Kharkiv. The desire to buy an apartment in the first capital can cost you $26,000.
Many experts note that housing in new buildings can be much more expensive. Thus, it will be quite difficult for an average resident of Ukraine to purchase at least a one-room apartment in a large city of the country.
In small towns and settlements, the situation with real estate is different. Many experts believe that you can save up and buy an apartment in Chernihiv in 6-7 years.
It is especially quick to save up for housing in Kryvyi Rih. In this city, a one-room apartment with virtually no renovation costs about $7,500.
Maybe still use a mortgage?
This case is more acceptable when you are missing just a small amount to purchase a residential property. A large loan amount has a large interest overpayment for the desired square meters.
This method is best used when you are missing just a little. Thus, you can avoid the rise of the dollar, adverse factors, and many other mortgage features.
State support
For many, state support is an important way to purchase housing very cheaply. Persons who are disabled, have many children, are military personnel, and others cannot always fall into this category of citizens who count on state support.
Action plan for saving money for housing
Those wishing to save money for their own housing know that this is not an easy task. Accordingly, if you still decide to cut back on your needs, you can follow the following plan: No bad habits. Moreover, about 21,000.00 hryvnias per year goes to buying cigarettes! No unnecessary purchases. Try to give in less to impulsive purchases. Exclude visits to entertainment venues. Use home conditions, dacha, picnics, then you can save about 45,000.00 hryvnias per year. Love public transport. Use your own car only for long trips and in especially important cases. Exercise outdoors. Lead a healthy lifestyle, do exercises at home. Try not to rent housing. Try to negotiate with parents or other relatives.
Such methods may seem too funny to you, but they can get you to your goal quickly enough!
If you already have a modest budget
Can't save up for your own property quickly? Then use these tips.
Use a life annuity contract with a lonely elderly person. Thus, by adhering to the terms of the annuity, you can not only help a poor person but also get your own real estate.
Real estate through collateral. This method is good to use if you already have your own apartment.
Relevance of the mortgage. Take out real estate and enter into a mortgage if you are missing a very small amount.
The best way to quickly solve the issue of buying an apartment is saving and increasing savings. And your desire and proper budget allocation can bring you closer to the goal even with a salary of 7,000.00 hryvnias.
Conclusions
If you want to buy a one-room apartment, then try to save at least $1,500 per month. That is why rely on the joint family budget, save – and your apartment is just around the corner!
PR