Kiev Real Estate Market
In the last 4 years in real estate and apartments in Kiev there was a real boom. (A valuable related resource: More). Prices have increased by 4-5 times and continue a steady rise, despite the fact that in May 2007, there has been a sharp decline in demand for property. In this growth “Blame” for several reasons. Let’s try to deal with them. The first and most important – it’s a large influx of people from other cities in Kiev, which naturally led to a surge in prices for primary apartment in Kiev, unleashing a hand dealers and frank speculators. Then (2003-2005), the most profitable investment of capital considered buying an apartment or other real estate in Kiev, since half a year (maximum annual) cost of capital doubled. More info: Angus King. However, in some other cities was not far away, especially since the purchasing power of most of them could not keep up with rising prices. The second reason was the purchase of apartments and real estate in Kiev (especially in its central regions) for offices, studios or simply […]