In particular, the real estate developers and real estate agencies have been waiting with attractive gasp for a relaxation of the monetary policy. Thus, the real estate market is not only how to show signs of revival, but other implications arise where one did not expect. Be pressured to owners who rent out apartments, because the market was flooded by an addition of apartments.
Restrictive policy of the bank resulted in the fall of a reaction increase rents because young people who wanted to buy an apartment had to postpone the plan and remain in rent. Thus, the apartments offered for sale were a little more searching and prices fell. Owners have left the price even 25%, but with freezing the real estate market, they preferred to wait for better times and rent them. Last year was put on the market over many apartments compared to 2007, in addition to those already rented for years and who currently are taken out of the market.
The real estate market is locked and opportunity to remedy the situation are unlikely anytime soon. The transactions will continue to decline by up to 30% in 2009. The solution lies in the hands of authorities, which must implement the repayment strategy plans to unlock the market.
Restrictive policy of the bank resulted in the fall of a reaction increase rents because young people who wanted to buy an apartment had to postpone the plan and remain in rent. Thus, the apartments offered for sale were a little more searching and prices fell. Owners have left the price even 25%, but with freezing the real estate market, they preferred to wait for better times and rent them. Last year was put on the market over many apartments compared to 2007, in addition to those already rented for years and who currently are taken out of the market.
The real estate market is locked and opportunity to remedy the situation are unlikely anytime soon. The transactions will continue to decline by up to 30% in 2009. The solution lies in the hands of authorities, which must implement the repayment strategy plans to unlock the market.
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