Experts predict the growth rate of construction

22.02.2011 12:38
Real Estate Market Analysis | Experts predict the growth rate of construction Recently there was a significant improvement in the property sector, and the pace of construction of housing projects began to grow. This was told an analyst at a bank Marian Zablocki.

"Commercial real estate construction restarts so quickly, but there was not such a significant fall in housing construction. At least in 2011, prospects for building non-residential facilities are much better compared with the construction of residential buildings," - says Marian Zablocki writes UBR.

Related article: Real Estate - 2011: up or down?

He recalled that the current demand for real estate is largely financed by cash, are "on hand" in the population.

"According to statistics the NBU's Balance of Payments since 2000 in Ukraine was imported 61 billion dollars of cash that has not been in the banking system. Therefore, the current demand based on household savings, which are basically waiting for the reasonable prices. The speculative demand for housing almost completely absent, and real estate prices at present are under pressure to the bottom ", - the expert said.
Content tags: Housing Market Forecast
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