Home and rent prices are expected to increase

Home raise prices in Kosovo, but even rent prices have increased by around 25 per cent -- an increase expected to continue.

At the Kosovo Construction Association and real estate agencies, they say rising sales prices and housing rents have occurred because of inflation and increased construction materials. They even point out that this increase in building materials prices is almost 100 percent compared to 2020.

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Burim Halili, official of one of the Real estate agencies in the capital, said there is an increase in the price of rent and housing sales by 25 percent.

Halili said there is expected to be price hikes again, as construction materials have price hikes.

“We recently have price hikes almost everywhere, in all products, but in particular we have to sell. What has greatly influenced the rising prices in sales is because construction materials are growing as armor, concrete and all... About the sale has been raised to a price of around 20-25%, the same rent, but what has affected the sale is the increase of material”, Halili said.

According to him, there is still to be price hikes.

This is expected to increase because construction materials are up, in particular there are weapons for 50%, so I think we're in that process of raising and I think it takes approximately 5-6 months to increase the stable price based on materials they have, we have objects that were built earlier, they're still able to offer the market prices they had earlier. And the moment those buildings are sold, then we're building constructions that are building with materials that are up and they think they won't be able to have toleration at the price of”, Halili added.

From the Kosovo Builders' Association, they say increasing construction materials is almost 100 percent compared to 2020. Faton Hoxha of this association reasoned on the price of rent.

The price of dwellings is due to increased building materials prices. Three basic materials, iron, cement, and wood, growth is almost 100 percent. If we compare to 2020, where there are no major price moves. While the rising rent prices could probably reason with the inflation occurring”, Hoxha said.

Hoxha has criticised the government for managing the budget. According to him, the government should invest in projects it has planned for this year.

The government had been very well on its own projects, the ones it planned for 2022 that are capital projects that are in large measure about 700m euros and that spent just 20 percent of them, the big help it would be, to invest money, the means in circulation, and not to keep. The government is getting puffed up that for next year is the biggest budget ever, but looking at budget numbers this year how the budget is spent this year, it can change any budget figures, but if it goes on with this tool management, it's times”, Hoxha said.

Many concerned about the increase in rent have been expressed among citizens. Euron Hyseni, who is also a tenant, said this rent increase is seriously damaging them.

“Qira is more expensive than last year for about 15 percent... This hurts us a lot by comparing to the small salaries that are in the country”, Hyseni said.

Xhavit Berisha has also expressed concern over the price hikes. He told Kosovo Press that the country is in economic crisis and these price hikes cannot afford citizens.

It's very bad because it's an economic crisis, people don't have money, pensions and small salaries, so as to increase the rent, you don't know how those people are alive. Food, medicines, such as retirees, are left with nothing but death of”, Berisha said.

Bashkim Sylaj, resident of the capital, said that rising prices is a heavy burden for citizens.

The big bar is for those who have to pay the rent. It is a high price, especially for those who do not have the” conditions, Sylaj said. / KP