- 19 December is Sevastopol auction
- 30% of Odessa’s’ agencies closed
- Developers agreed to limit profitability in a period of crunch.
- Foreign investors are interested in finished objects of property
- Influence of crunch on Crimea’s developers
- Prices for property fell to record minimum
- The cost of Crimea cottages higher than in Kiev
- The cost of Crimea cottages higher than in Kiev
- The law about anti crisis actions in construction adopted
Influence of crunch on Crimea’s developers. 05.11.2008
Development-constructive company “TMM” informed that it tends to construct recreational complex in Crimea in village Chernomorskoe to 2015. At the present time is working out the project documentation and forming all necessary documents.
Construction is planed on 2010, finishing – 2014. By project complex includes residential houses for all the time and temporary living, and also hotels 3 and 4 stars with apartments and sport-recreational complex.
Total area of the complex is on the plot 24 acres, will be 620000 sq. ft. Living complex will be for 484 apartments with total area 520000 sq. ft. Commercial square will take 20000 sq. ft. Project costs 13,3 million dollars.
At the same time company “Bakhchisaray combinat “Stroyindustry” froze construction of the plant in Bakchisaray, which costs 100 million hryvnas, because banks made difficult the conditions of credit financing. Company could not get the credit for 5 years even with pledge.
If not the influence of financing crunch than the plant of production of aerated concrete will take 30% of whole wall materials market Crimea, what is very important.