In Kiev, planned collapse of housing prices

23.01.2012 00:30
Articles about real estate | Apartments in Kiev will become cheaper due to crisis Because of the impact of the crisis in the housing markets, much of it becomes cheaper, writes today.

This was stated by the Director of the Department of State programs and housing development of the Ministry of Regional Development, Construction and Housing Alexander Forgetful.

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"In terms of cost trends in the housing market, we can say that the crisis has affected in this situation positively. And developers are really refusing to return from that which was. And a large part of markets, particularly in Kiev, housing is cheaper," - said Forgetful.

According to him, today there are no bank loans and mortgages, so there is no speculative component, which would soon forced to build housing.

"Therefore, the investor will not be money in the housing sector. And, unfortunately, does not have the pace of housing construction. Although on-line data, in Kiev, compared with 2010 in 2011, commissioned by 5% more housing" - the official said.
Content tags: Housing Kiev Apartment
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