Forecast of development of residential property in 2011

30.11.2010 14:48
Real Estate Market Analysis | Forecast of development of residential property in 2011 Estimated real estate developers and realtors in 2011, housing will become cheaper by 5-10%. Also will fall in sales volumes. Told reporters board chairman SBI "New Formation" Vyacheslav Curdies.

Marked decline will begin in the spring of 2011, when developers realize that by today's prices they would not sell the objects. "Warming" in the industry can be expected not before 2012 ", - said Vyacheslav Kredisov.

Related article: The crisis in the primary market of residential real estate of Crimea overcome

With regard to the secondary housing market, the representative of the Association of Realtors of Ukraine, Irina Kilkee stated that the "secondary housing" will also be cheaper and perhaps more dramatically. In addition realtor added that the recent buyers less interested in second homes: "People have a $ 30-50tys. Cash, and they need somewhere to do. In the secondary market offers at such prices as long as a minimum, so they buy a new building."
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