Autumn slump in property prices can not be stopped?

Nedvizhimost03-06-2009 Autumn collapse in property prices can not be stopped? By the fall of the Russian builders and developers will be in a financial trap. On the background of falling demand and the total deficit of money many of them threw a sale of objects that will inevitably lead to falling prices. However, some of the "builders" will be only too happy - cheaters will be an excellent opportunity to enrich themselves. On the second wave of crises that may come in the autumn, said a long time. Even today, the presidential aide Arakady Dvorkovich touched on this theme, expressing hope that the "second wave" may not be. However, the builders themselves, as well as representatives of the banking community has not yet figured out how they will get it sorted. For the second wave, at least in the construction business there are some objective reasons. Firstly, in the fall banks will publish reports on overdue loans, and they may have problems. Such an assumption is made before the Director of the financing of construction projects Savings Alex Chuvin. As explained Bigness.ru chief economist at Alfa Bank, "Natalia Orlova, the" problem of write-offs show an increase in arrears. " In response, banks have to build up reserves, and their profits will go to minus. "At a certain level, the loss of their capital adequacy ratio falls below 10%. This means that the bank needs additional capital, if he does not want to lose the license, "- said the expert.