Short news - Ukrsotsbank forecasts residential prices decreasing

One of the biggest Ukrainian banks Ukrsotsbank (Banka Intesa group) forecasts residential real estate prices decreasing at 2nd half of 2006.

Such forecast has been done after deep research related with real estate situation in Moscow. The experts say that real estate trends in Kiev are pretty similar to Kiev. One of condition is "freezing" of Moscow price index. Secondly - less supply of investments assets, possible NBU restriction for foreign currency crediting and decreasing trends in the world real estate market.