Kiev Real Estate

Strategy of development of Kiev provides the decentralization of the administrative center of the city in 2015 year.
"Strategy of development of Kyiv till 2025 year provides the transfer of state and municipal institutions from the historical center of Kiev in separately organized complexes with excellent transport links," - said the head of company BCG, which is engaged in the development of strategy, Sergey Perepechko.
The vacated buildings, as he said, will restored and reconstructed by individual investors, who must ensure the effective commercial use of excepted areas.

With the coming of autumn, the demand for housing increased by only 4% and on land - by 23-25%. The beginning of September for the real estate market, though marked by a slight increase in activity, but projected a significant jump earlier has not happened yet. Thus, the number of proposals for the sale of housing in the most popular economy segment, compared to August, increased only by 18-20%. Demand for it has grown even smaller - by 3-4%.

In Q1 2011 number of property deals has significantly increased on this resort. Realtors report that demand was shaped Russian buyers, who oust such active buyers as British.

According to Erawana Company, in the first six months sales’ number in Phuket went up by 25% year-on-year. Specialists believe that the total deals’ volume reached 5,4 billion baht (€125 mln) for the year, while this indicator of 2010 worked out 4 billion baht (€93 mln), Bangkok Post reports.

The government intends to support Cyprus economy by taxes increase. Such changes will also affect property owners.

The government plans to decrease an immovable price of property, which tax is paid off. If previously homeowners, whose property was worth less than € 170 000 didn’t pay the tax, soon all properties worth higher than € 120 000 will be taxable, Tax News reports.
According to preliminary information, following property tax rates will be fixed on Cyprus.

Property prices Annual tax
from 120 up to 170 0,4%
from 170 up to 300 0,5%
from 300 up to 500 0,6%

Under the influence the number of property’s transactions in Rumania decreased. Also the fall has toughed the prices of property.

According to Rumania Notary union of state notaries, on September-October the total number of transactions with property decreased on 15% in comparison with year-on-year. In spite the fact that some fall was noticed on May, but main part was in autumn.

Average effective percent rates of mortgage in hryvnas, which was presented to physical person by banks-partners State mortgage institution (SMI) was 23,22%.

Index of mortgage credit SMI was 15,96% as previous was fixed on the level 13,5%.

Index of mortgage credit SMI – is average meaning of effective percents rates of mortgage credits which are given by banks-partners SMI in hryvnas by its Standards, refinancing and servicing of mortgage credits.

On 1 October 2008 on the territory AR Crimea working 26 investment projects with the total cost 296 million dollars.

Yalta imposed moratorium for plots’ giving till confirmation of rights of city’s development. This prohibition is for the territory which is lower than highway Yalta-South coast highway.

In press-service of Yalta was admitted that it is temporarily moratorium for plots giving in property or for rent by citizens and legal persons.

The action of moratorium is planed till finishing the development and confirmation on the session of city council of Yalta. The document will be on April sitting 2009.

On November of current year the cost of 10 sq. ft. of Moscow property economic class on the secondary market decreased on 2% (to 5122 dollars). Supply in this segment increased to 39000 objects what increased index of 2007 for 8000 apartments. Where are 1 bedroom apartments – 13000, 2 bedrooms - 16000, 3 bedrooms – 9500, many rooms - 500.

The property of business class on November decreased on 2,3% what is 8356 dollars per 10 sq. ft. For sale is about 11000 apartments, where are 1 bedrooms – 270, 2 bedrooms – 3000, 3 bedrooms – 6000, many rooms – 2000.

According to “Global House Price Index” of international consulting agency Knight Frank, in third quarter 2008 prices for living property in the whole world had fall in 0,3% - first time in the history of making this index.

It is visible that any part of the world will be touched by credit crisis. It is predicted that this trend will be at the end of the year on majority of markets and will be note zero or negative growth.