Was there a crisis? - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

Was there a crisis? - News about real estate, Kiev, Kyiv region. Real Estate In UkraineUkraine is not facing the mortgage crisis, says the Deputy Chairman of...Ukraine is not facing the mortgage crisisUkraine is not facing the mortgage crisis, says the Deputy Chairman of the Board of Ukrsotsbank (Kyiv, part of UniCredit Group) Irina Knyazeva, the view of which is given a press-service of the Bank.According to I. Knyazeva, the growth of mortgage rates is associated not so much with the mortgage crisis in the USA, but with internal economic situation in the country, particularly around the dollar and the deficit of the banking resources in the market."I think now prerequisites for falling prices for mortgages in our country, no, because there is no overproduction, as, for example, in the United States. Number need new apartments far exceeds the amount of housing built. Moreover, the current market situation will lead to the fact that developers will be less to build because of funding difficulties. Naturally, after some time it again will lead to higher prices" – presented in a press release.According to the Deputy Chairman of the management Board of the Bank, currently some developers have suspended projects, reduced investment in the development of construction that will reduce the delivery of housing and to increase in demand and prices through a half-two years.At the same time, Knyazeva I. not exclude the possibility of revaluation of certain categories of housing. "This is a Studio apartment in "Khrushchev", panel homes. Our Bank tried to work in this segment. The price of such housing can be adjusted. But the cost of new quality housing is unlikely to decrease, because now we don't have his excess," suggests I. Knyazeva.In her opinion, to project completion, the builders need to change the funding scheme, funds are not attracting investors-individuals, banks and investment funds."Overall I'm optimistic about Ukraine's economic development and its financial situation, because we have normal growth business and, unlike countries-world leaders, there is overproduction, which means that the crisis, as, for example, in the US, does not threaten us," sums up I. Knyazeva.Ukrsotsbank was founded in 1990.



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