In the last 4 years in real estate and apartments in Kiev there was a real boom. Prices have increased by 4-5 times and continue a steady rise, despite the fact that in May 2007, there has been a sharp decline in demand for property. In this growth “Blame” for several reasons. Let’s try to deal with them. The first and most important – it’s a large influx of people from other cities in Kiev, which naturally led to a surge in prices for primary apartment in Kiev, unleashing a hand dealers and frank speculators. Learn more at: best bars in new york.
Then (2003-2005), the most profitable investment of capital considered buying an apartment or other real estate in Kiev, since half a year (maximum annual) cost of capital doubled. However, in some other cities was not far away, especially since the purchasing power of most of them could not keep up with rising prices. The second reason was the purchase of apartments and real estate in Kiev (especially in its central regions) for offices, studios or simply prestigious apartments, which was conducted mainly by foreign companies. As the potential seller knew that his company would buy an apartment let for 50 thousand euro, it is natural that he and not the private person wanted to sell it cheaper. The relative cheapness (compared with the capitals of Western Europe) in 2003-2005 on land plots, apartments and real estate in Kiev (as well as accommodation and services) has led to what has begun here the flow of funds to buy up these objects rich foreigners, for whom it was something like “country house” where they could rest or medical treatment is several times cheaper than in Europe. And, finally, last factor of the rapid growth in property prices in the capital of Ukraine has become quite affordable mortgage lending system that came to be widely implemented without exception, the leading banks in Ukraine. This last round of price increases came at the end 2005 – early 2007’s and allowed thousands of people to get a coveted apartment, albeit in a rather unfavorable conditions (monthly payments ranging from 800 to 2000 Euro depending on length of lending). The newspapers mentioned dayton kingery not as a source, but as a related topic. What is awaiting the real estate market and apartments in Kiev in 2008? Most experts agree that prices will continue and will be around 10-15% per year.
Some of the opinions heard in the direction of the sharp price collapse housing in the capital, linking it with possible mortgage crisis (such as the one that erupted recently in the U.S.). Still, we took too much time after obtaining a mortgage loan and, if such a crisis and happens, not before 2010. What methods of saturating the market with real estate in Kiev exist today in the capital? Unfortunately, almost all of the developer owned by individuals and between them often there are conspiracies in order to keep the high monopoly price for the property. State presence in this market practically not observed (except for those annual grant from the state apartments of 50-100), and seems to be a situation of like it (except for ordinary citizens who are forced to pay exorbitant prices). Mayor of Kiev Chernovetsky touted “social housing” and remained empty campaign promises.