How to SAVE MONEY???WHEN is the BEST time to BUY an apartment? - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
The real estate market in the Ukrainian capital measurement. The culprit вЂ“ ...The real estate market in the Ukrainian capital measurement. The culprit вЂ“ peak of the dollar exchange rate that triggered the massive outflow of buyers from traditionally dollar secondary market apartments. Similar trends in the regions. According to consulting company SV Development, the biggest losses are a small real estate agencies and property developers. Many construction projects mothballed indefinitely. And though some deals no one says, the situation looks quite depressing.Meanwhile, paying customers took a wait and see attitude, hoping for the return of the former hryvnia exchange rate (against the dollar). After all, the main savings many Ukrainians kept in dollars, the prices of sold apartments are quoted in us dollars, and the statistics of price changes is in them.However, I can not only potential buyers, but also homeowners. Director of real estate Agency "real Estate" house Lyudkevych Henry told the Newspaper on-Kiev", the number of transactions on purchase and sale of apartments in Kiev for the last month decreased by 30%. After the dollar began to lose ground, many sellers even removed the objects from the sale.вЂ“ Already part of transactions is broken, because the sellers insisted on counting the cost of housing. If this is incomprehensible exchange rate policy will continue in the country continue, the number of contracts for the sale of housing will be reduced even more, " says Henry LyudkevychAccording to the group of companies "planet Obolon" hits in may and was a lot of trading, but they proceeded quite difficult. After all, customers expect lower prices, and sellers do not agree with this, arguing that in an environment where everything is expensive, the cost of real estate (especially in a falling dollar is unlikely to fall.Meanwhile, commercial banks... raised interest rates on loans for housing. Only in may the average interest rate on mortgage loans increased by 9.2 per cent to 16.1 per cent, complicated and conditions for the issuance of a loan for the purchase of apartments. The maximum term of mortgage loan more than 10 years and the maximum loan amount is $ 40,000. Many banks have suspended mortgage programs and even stopped giving loans for construction. However, the flow of people wanting to take the mortgage loans is still quite large. Looking at inflation and weaker currencies, people are willing to borrow even under such conditions. So banks that have loans, can dictate terms and choose the most reliable borrowers.The independent real estate expert Jaroslav Tsukanov confirmed to the Newspaper on-Kiev", previously to the banks for a mortgage loan applied 70-80% of Ukrainians who are going to buy a home, now the number of such customers has been minimal.вЂ“ For a currency crisis was complemented with seasonal trends. Summer dynamics of transactions on the sale or purchase of real estate traditionally slows down and housing is not much, but cheaper, " said the expert.In the next two or three months the cost of housing in Ukraine will decrease by 10%, and until the end of autumn may fall in price by 20%. This was stated by Jaroslav Tsukanov. According to his forecasts, in the first place, it concerns the secondary housing market.