Sergei Sinister predicts resurgence of real estate market

07.04.2011 14:45
Real Estate Market Analysis | Sergei Sinister predicts resurgence of real estate market April 7 press center LigaBusinessInform agency will host a roundtable on the topic: "The housing market in Ukraine. The results of I quarter, forecasts and trends. "

President of the Association of Realtors of Ukraine (ASNU) Sergey Sinister made ??an analysis of the real estate market in the first quarter of 2011 and gave the market forecast.

Related article: The demand for secondary real estate market of Kharkov increased by 14%

According to Mr. Sinister, the secondary housing market reached a price bottom. There is currently a revival in terms of supply and demand.

According to forecasts ASNU, secondary real estate market will revive in the spring of 2011 and the reason for this revival of mortgage lending, reduced rates and the fall of property prices stabilize.

According to Mr Sinister currently there is a discrepancy of supply and demand in the secondary real estate market within the 10-20%: sellers are not going to cut prices and buyers are not willing to buy houses at those prices.

According to the president ASNU summer will revive interest in the objects of suburban real estate area of 100-150 sq ft in 15-50-km zone of Kiev.

Victor Kovalenko
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