Apartments are cheaper, but still nobody buys them! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
The cost of secondary real estate of Kiev fell...In Kiev continue to fall in price of the apartmentFrom 10 to 17 November 2008, the index value of the secondary real estate of Kiev has decreased on 19$, according to information-analytical portal of Kansas.To date, the cost per square meter is 2636$/sqmThus, prices in the secondary housing market in the capital continues to fall. For the past week, as the average cost per square meter decreased by 0.7%.General stagnation in the property market, the unavailability of mortgages and the high dollar is not conducive to consumer activity. Sellers continue to cut prices, also willing to trade for real buyers. However, in the current difficult conditions the paltry number.Analyzing the dynamics of the behavior index value, it should be noted that since the beginning of September the average price of secondary housing prices fell by approximately 6%. Due to a clear downward trend, analysts at Kansas predict a further decline in the prices of residential property in the capital.The cost index is an indicator of the current level of housing prices. It does not reflect the price of a particular apartment, and is a General market indicator. The increase or decrease of this indicator serves as an indicator of increasing or decreasing the overall level of housing prices in the city. And the change of the price of each apartment is approximately proportional to the change in the index value.The index of price expectations secondary real estate of Kiev over the past week fell by 0.3%. Currently, the expectations index is in the negative area and is a -0.7%. The current value of the expectations index suggests further decline of housing prices in Kiev.Index of yields of secondary housing for October decreased by 2.0%. Current value of the index is in the negative area and is -0,9%. According to the National Bank of Ukraine, the annual weighted average rate of return on long-term Bank deposits at September 2008 was 10.9% per annum, i.e. 0,91%/month.