Before the new year may a slight decline in housing prices

The outgoing 2010 can safely be called the year of stabilization in the secondary housing market. Average prices on the secondary housing market in 2010 grew by about 10%, which can be considered a good tendency to recover from the crisis. Buying activity during the year as a whole has been fairly stable. In spring 2010, the state actively stimulated by AHML mortgage lending. Ruble rate on the most interesting credit programs were below pre-crisis, as well as below the psychologically important level of 10% per annum, which attracted a large number of borrowers. Due to the fact that in the spring activity in the mortgage market has increased, followed by increased buying activity and on the housing market. This led to the demand for mortgage loans, and then at a relatively low-cost housing has increased. Apartments, especially relatively inexpensive "odnushki" and "kopeck piece," began to rise in price. But in May, HMLA increased rate on loans for purchase of flats in the secondary market by about 2 percentage points. The rate climbed above the psychologically important level of 10%, and consequently, the demand declined. The matter was aggravated by heat and smoke unprecedented. Many buyers and sellers prefer to leave Moscow, leaving the decision up to less housing hot time. In July-August and early September fell decline of both demand and shrinkage. "In September and October 2010 there was a surge of buying activity, associated with the implementation of pent-up demand, formed during the summer months. Most buyers in this period exceeded the activity of several vendors, which led to a slight increase in prices (less than 0.5% for month). Assuming the implementation of pent-up demand in sentryabre-October for the beginning of the fall price increases, many vendors were quick to raise prices on their homes. However, in late October, after the implementation of pent-up demand buying activity has waned, "- said Dmitry Ovsyannikov, CEO IPOTEK.RU. Generally speaking, the end of October is indicative of understanding the future behavior of the market. At this time, identifies the major trends for the next six months - until about March. And the decline in demand in late October shows that the wait should not only increase the number of small price reductions before the new year (1-3%). In my opinion, and further, to about March 2011 is a small price decline will continue. But in March, perhaps, the demand for secondary housing market will rise. This is largely due to the reduction of the mortgage market. So in 2010, banks have been actively involved subprime borrowers, lower mortgage rates and mitigate the conditions for granting mortgage loans. Dmitri Ovsyannikov said that in recent years, several banks were quick to say a decrease in interest rates. Although it was not without a little guile, some banks have issued a "domestic rates", which can get loans only to their employees, presenting it as a reduction of rates. But several banks lowered rates does, though, and announced this fall as a New Year's share. If this trend continues in the future, you can expect an increase in demand for secondary housing market, and, therefore, - and rising prices. In this case, there may be a significant price increase. But - just one of many possible scenarios.