2009 is the year of the COLLAPSE?! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

2009 is the year of the COLLAPSE?! - News about real estate, Kiev, Kyiv region. Real Estate In UkraineAs the correspondent, in particular, the expert noted: "Reducing speculative and non-speculative demand, as well as limitations in funding have led to the recession in this highly dependent on loans sector...Analysts do not exclude the collapse of real estate prices in 2009In 2009, the prices for residential real estate in Ukraine can be reduced by 40%. This period will be very good for housing. This was reported by an analyst of JSC "Erste Bank" Viktor Stefanyshyn.As the correspondent, in particular, the expert noted: "Reducing speculative and non-speculative demand, as well as limitations in funding have led to the recession in this highly dependent credits from the economy. Construction companies optimize costs, the government is also trying to help the industry, but this does not solve the main problem - lack of demand".V. Stefanyshyn also stressed that to date, due to the General downturn of the Ukrainian economy, the demand for commercial and residential real estate remains quite low. As a result, housing prices have already fallen by 30%.The expert notes that in 2009 this trend will continue also due to launch on the market of residential property confiscated collateral housing.



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