New rules BTI slowed output of the real estate market crisis

10.06.2010 16:29
Changes in procedures for registration of ownership of real property and issuance BTI created chaos in the real estate market, impede its recovery from the crisis.

This opinion was expressed by President of the Union of Professional Real Estate Oleksandr Rubanov, writes reporter.

According to him, now to get help from the registry of property rights (issued instead of certificates characteristics), which is necessary for the contract of sale, you must wait about a month. "This is due to an increase in the number of procedures, tactics are needed to help with that also increases several times the financial costs of real estate buyers" - the expert said.

"Market participants are often unwilling to commit to the obligations of such long-term pre-contract as the situation on the market is unstable, changes can occur at any time - as in one or the other way. On the other hand reference book in advance, before selling the property too inconvenient, since over time it loses its relevance, "- explained Rubanov.

In his view, such innovations in the face of very low liquidity of real estate market, do not contribute to its development and overcoming the crisis.
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