Property prices are falling! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

Property prices are falling! - News about real estate, Kiev, Kyiv region. Real Estate In UkraineReal estate will drop at least a quarter. It all depends on how much money the population on hand and how quickly it is ready to part with them.One-third decrease in the number of transactions on purchase and sale of housing in Ukraine in 2009, As reported in the Ministry of justice, last year there were almost 246,5 thousand contracts for the purchase of residential real estate. This is a 27% lower than 2008. But the number of swaps of housing increased by 5%. Experts say this trend shows that Ukrainians have no cash and they will appear soon. While mortgage lending is running in name only — to pay to the Bank an astronomical interest will only agree to the most desperate."In the near future should be planned as a trend to reduce the cost of secondary housing. It all depends on how much money the population on hand and how quickly it is ready to part with them. Last year we saw that the apartments of the small area (up to 30 sq. m. — Ed.) can cost $35 thousand, but as soon as there was more demand for them, the price rose. Now the money is short, so in the end, the sellers will be forced to reduce the price to a reasonable $1000 per square meter. After all, could not be such an imbalance between the amount a buyer can pay physically, and the one that wants to get the seller. One thing is clear — the prices will not grow, because Ukraine has no money and nowhere to wait for them," explained the "New" Director of the consulting Agency "Ed" Yaroslav Tsukanov.Now realtors say that the initial cost of the apartment during bargaining may be reduced by 20-25%. It is for this percentage could soon falling housing prices.Persons wishing to buy an apartment in the new building will have to wait another year. In 2009 in operation handed over 6.4 million square meters of housing, including in Kiev and region — 1,335 million sq m. This is almost 40% less than in 2008. this year new apartments for rent even less, experts believe."To build new facilities this year won't start, judging by the fact that developers seem to do permits. The more that you can invest in the construction on your own risk, no one will.



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