The real estate market is back! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
In 2009, the domestic real estate market can return to a model of "alternative transactions", distributed...Experts predict surge in housing prices in six monthsIn 2009, the domestic real estate market can return to a model of "alternative transactions", distributed to 1994. However, stagnation in the real estate market will not last more than six months, and further the deficit "primary" can significantly inflate the price of housing. About this at the press conference, said the General Director of development company "Europe" Sergey Eliseev.Eliseev noted that further modeling development of the real estate market, in particular, in crisis, in his opinion, it is incorrect to focus on the development of the situation in other markets, for example, in the U.S. or in Europe. So, if the US mortgage crisis began because of "common overproduction" in the real estate market in Ukraine, the index of density of housing is too low and is of the order of 20-22 square meters per person, which is several times or even dozens of times differ from similar figures in Europe. Also Eliseev noted that the temporary unavailability of mortgage lending, which is currently observed on the Ukrainian real estate market, most likely, in a critical manner will not affect the situation on the real estate market and will not aggravate the crisis."Analyzing the situation, the people in the interviews used the argument that if the borrowers start defaulting on loans, the banks will take the property and put it on the market. And cite the example of Japan, 1991. However, in Japan at that time, more than 90% of property was encumbered by a mortgage. We have this figure does not exceed 5%. Even if you take the possible average percent of non-payment, there will be a negligible amount of apartments. Physically, this scenario is impossible", - said Sergey Eliseev.Also the developer said that in the next 3-6 months, the domestic real estate market will feel hard - it will be in a fever, but purely because of the subjective attitudes. At the same time, during this period, the market forecasts that the CEO of the company "Europe", most likely, will return to the model of alternative transactions or exchange transactions, practiced until 1994, when 80% of transactions on the real estate market was carried out by selling consumers a lower-quality housing and, with the help of the Supplement, acquire more high-quality housing. However, by this time, the trade deficit in the domestic real estate market will reach enormous sizes due to the number of objects, construction of which at the moment is frozen or in the future, it is planned to preserve it. This is a factor that, according to Eliseev, a temporary drop in demand can compensate, and maybe even overlap."Those who today in his panic, make rash actions in exiting the property in the hope that in six months will be back on the real estate market and buy it instead of one now sold two flats are likely to just lose money. Well, if they make that in a year on the same money to buy something. May not have time... Then, they will play just expressed his standing wild growth.