Value of residential real estate in Kharkov in the autumn to increase by 20%





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07.08.2008 00:00
"The cost of residential real estate in Kharkov in the autumn 2008 will increase by 20% compared with the beginning of the year", - told reporters on Aug. 6 the president of the corporation "Avantage" (Kiev), Anatoly Denisenko. According to him, the crisis in housing construction occurs if built too many apartments, or if people stop earning.

"Neither one nor the other in Kharkov has not happened yet", - A. Denisenko.

He also said that in the summer and winter is always a seasonal decline in sales of real estate. Large companies outsource safely temporary difficulties, but small companies can not cope with them and be forced to leave the housing market.

As the chairman of board of directors of the corporation "Avantage" Yuri Kostoglodov, rumors about the mortgage crisis are greatly exaggerated. In April-May there has been a growth in lending rates by 1-2%, and tightened the requirements for the loan, but that does not have a significant impact on lending.

According to the "Avantage" in January 2008, the proposals for the residential property market amounted to 735 sq m. The apartments are offered in 25 homes of economy class, 20 business-class homes, 14 homes Luxury homes and three-class deluxe.

In July 2008 the proposals for the residential property market amounted to 831 sq m. The apartments are offered in 34 homes of economy class, 20 business-class homes, 11 homes with premium-class homes, and four de-luxe.

Investment and Construction Corporation "Avantage" - a vertically integrated holding, which includes such companies as JSC "Spetsstroymontazh, LLC Spetsstroytehnika, LLC Slobozhanskiy Construction Materials Ltd., MK S.K.S.M." , Inc. ATP 16358 ", LLC" Castles "Glasstek, LLC FC Avantage-Estate" BY HBC Avantazh, LLC company for operation and maintenance of dwelling houses "Avantage" etc.
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