Experts in the field of real estate called the lack of mortgage crediting of citizens a major factor that hinders the whole housing market.
The increase in term of the mortgage up to 20-30 years and decreasing rates of 12-14% per annum can wake up the housing market in Ukraine, which is now in a state of stagnation.
With an affordable mortgage could be expected, according to experts, not only increasing the number of transactions in theproperty market, but some growth in housing prices.

Since early this year the normative monetary valuation of land has increased significantly.
This is the only component of land reform, which began today. As you know, the creation of a land market has been delayed. Average cost per hectare from 1 January - about 20 thousand UAH. By the end of last year it amounted 11 800 hryvnia.

Kiev ranked among the best cities in Europe for shopping tourism by version of Economist Intelligence Unit (EIU).
Although he took only 27th place out of 33, but was able to get around such cities as Warsaw and St. Petersburg. London took the first place in the ranking, the second - Madrid, on the third - Barcelona.
According to the EIU, Kiev shops are open longer and more often than in other cities, they offer a discounts. But even with their view, the prices in the capital's shops is higher than in many European, say retailers.

Ukraine today - this is a country great opportunities, to do business in Ukraine is economically advantageous. This was stated by First Deputy Prime Minister - Minister of Economic Development and Trade of Ukraine Andrey Klyuev in interview for China's news agency "Xinhua", reported the press service of official.
He added that Kiev uses experience of Peking in order to improve its economic attractiveness. According to first deputy head of the Government of Ukraine, Cabinet of Ministers from 2010 systematically improves the investment climate in the Ukraine.

Developers from Plovdiv hope that local authorities will buy new unclaimed apartments.

Slavcho Atanasov, the Plovdiv Mayor, considers a possibility of buyback of 500 properties which were offered for sale but couldn’t attract buyers.

Plovdiv Municipality started the campaign to sell apartments located at the panel-block buildings of Communist times to tenants recently. Proceeds will be spent on buyback of 100 new apartments, which will be given to people in need.

August 26, 2011

During the Q1 2011 Russians were involved almost every property deal. Brokers believe that Russians are interested in Bulgarian properties because of low prices and weak Euro.

According to specialists of Bulgarian Properties Company, in the first six months of 2011 property prices of Black Sea Coast have decreased by 5%, while slump of 10% was recorded in 2010. Residential properties fell in price more than by 50% since boom times, SETimes reports.

According to specialists predictions, recession in developed economics of the world will continue till the end of 2009.

GDP of the USA probably will be falling during 4 quarters what could be the longest decreasing since 1947. In fourth quarter of the current year decreasing could be 4,3% , when month ago it could be 3%.

GDP of Great Britain in fourth quarter 2008 could fall more than 0,8%. Decreasing could continue as minimum till September 2009 and growth will be small.

Verkhovna Rada of Ukraine adopted the legislative № 3354 “About anti crisis actions in construction of property”.

The purpose of adopted legislative act is stabilization of construction area, providing citizens with rights who need state support.

In accordance with article 2 the state support of construction of property which is made by payment of state 30% from the cost. Other part of the payment should be done by citizens who concluded the contracts of construction and got property with state support – for their own means or mortgage.

In a period from November 2007 to November 2008 the property’s prices in Spain decreased on 7,8%. For the moment the prices for Spain property is back to the level of 2006.

If compare with rate which was reached on December 2007, when it was a top of Spain property, fall was huge – for 11 months prices fell on 8,8%

The biggest fall was in coast regions – 8,5% for the last 12 months. Prices for property on Balearic Islands and Canary Islands fell on 8,4%, what increased on 3% the rate of previous months.

Economic crisis brought to close the third of the real estate agencies of Odessa, which took second place after Kiev, by the bulk of sales on the property market.

According to the words of president Association of realtors of Odessa and Odessa region, Igor Efremov, there were about 200 agencies, where 30% stopped working. Decreased the number of departments. The number of transactions of purchase and sales decreased on 70%.

The president of association suggested to sign the Memorandum about cooperative work, how to pass the crisis.