Real estate in Crimea increased by 5%

11.01.2011 13:35
Real Estate Market Analysis | Real estate in Crimea increased by 5% According to the coordinator of the Chamber of REM Navigator Oleg Sikorski, last year, real estate in the secondary market Crimea increased by 5% in U.S. dollars.

"In winter and spring months of 2010 there was quite a dynamic increase in prices, which resulted in the Crimean real estate increased by 10%. By May, higher prices stalled and, in July there was a fairly significant five per cent "rollback".

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However, in the second half of the market remained stable, and to ensure that the total annual price growth of 5% ", - said A. Sikorski.

The expert noted that the amount offered for sale of real estate has increased, while demand has remained low but stable. Number of transactions, compared with the crisis year 2009, has increased.

"In general it may be noted that the property market of the Crimea in 2010 showed clear signs of growth. However, too low rate of overall economic recovery prevented these tendencies develop fully, "- concluded O. Sikorski.
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