In the CIS, housing depreciates faster than in Russia

Nedvizhimost14-01-2009 in the CIS housing depreciates faster than Russia's real estate prices are falling not only in Russia. In the markets of our nearest neighbors observed the same trend. Unavailability of mortgage loans does not allow people to buy houses, which provokes lower prices. On the highly anticipated fall in prices on the Russian real estate market has already been mentioned more than once. And what is happening in the markets nearest neighbors of Russia? How much the crisis touched construction industries neighboring countries? Residential real estate market of Ukraine, Belarus, Kazakhstan, a decline in prices. The reasons for this are the same: the global financial and economic crises. Residential real estate in the "Square" The level of sales of houses and apartments in Ukraine, according to the National Association of Realtors countries decreased by 6.5 times, exceeding the expected rate of incidence tripled from declared in October. In Kiev apartments are not realized $ 50 thousand, which in 2007 went for half an hour with three agents and a frantic percent, according to Ukrainian agency Dom.ria.ua. Real estate experts predict the summer price drop to the level of 2003 and the fall of 2009 - at the level in 2000: $ 10-15 thousand for a one-room apartment in Kiev. The cost of second homes in Kiev for the second half of 2008 fell by 23-26% according to Interfax.