Kiev Property Prices
During 2005 and 2006, property prices, apartments in Kiev and Kiev region went up sharply. This contributed to a sharp influx of newcomers from other regions of Ukraine, particularly the south-east, who had enough financial funds to buy all kinds of real estate in Kiev and Kiev region. As we know from the laws of the market, demand creates supply – and as demand for apartments (at first) increased, respectively, have grown and prices. But not Only visitors from other cities so influenced the growth in property prices in Kiev. The rapid growth in mortgage lending to households, banks' high level of competition among themselves for the client's mortgage, have led to an overall decrease interest rates on loans, which means – and to their cheaper, which makes it possible to get a loan to buy an apartment or real estate rather broad strata of the population of Kiev.
Not the last role was unprecedented for most regions of the Kiev wages that allow people of Kiev as a loan, and in 2004-2005, to buy an apartment without a credit, then using it is still relatively low price. It should be noted that quite a high percentage of cost flats (approximately 30%) laid the developers initially to "solve the issue," – quite simply – to bribe officials to the capital. After all, has long been known that due to the level of shadowing in the allotment Kiev city authorities and officials considered to be one of the most corrupt in the country. During 2007 prices for apartments in Kiev increased (compared with the previous two years) is negligible, amounting to 5-10%. After purchasing power has reached its critical limit, which explains the complete stagnation, and calm in the capital real estate market in the summer of 2007. Many experts are predicting a possible mortgage crisis, such that erupted in the United States. However, despite these pessimistic forecasts, as well as the impossibility of a growing number of people buying less expensive housing, metropolitan developers do not intend to reduce the price of being built by them square meters, which led to the verification of their activities by the Antimonopoly Committee.
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