In August, there was not typical for this season market enlivened of Kiev accommodation, which can be compared with the pre-crisis times. In this month apartments risen in price by only 0.5%. In the first half of September is expected to continue tendencies - the preservation of business activity and a slow increase in prices. But then the growth stops, and even replaced by a floating price reduction.

From the perspective of the history of the Kiev real estate market in recent years, August 2011 was quite extraordinary, because not every year the end of summer there is a revival. Increased the number of dispositions and contracts of sale of flats. And despite the fact that in the first two months of the summer real estate market has worked quite well. Judging by the number of transactions, account for the average estate agent, the August figures can be compared with those of "pre-crisis years." Another thing is that the number of agents and their earnings over the years significantly decreased.

We assume that current growth of prices explained by three main reasons. First, it is delayed reaction to the threat of technical default in the U.S. in late July - early August, the market participants. The inertia of the real estate market is very high. Many sellers correct prices, after making sure that prices for similar apartments have changed. Also affected delays in the publication of announcements in the media and transfer them from the media to electronic databases, which further delay the market reaction to the processes taking place.

Second, it played an important role activation customers who with a shortage of available savings is increasingly oriented to the mortgage loans.

Third, influenced reducing the proportion of the cheapest (in each market segment) objects. Some of them were purchased this summer, some were withdrawn from sale, on some were raised prices.

In August, increased the number of requests from so-called "real buyers". Among them, the Russians are often found, there are citizens of other countries. True, it remains on the market and a lot of "tourists" who under the guise of potential buyers go to auditions, studying the market.

As for sellers, many of them temporarily left the market: stopped to update their ads temporarily canceled views. In principle, nothing unusual in this: August - holiday time and harvest. Some retailers have removed from sale of the apartment, hoping that autumn market will revive and buyers become more compliant. Such expectations and temporary withdrawal from the market we have seen almost every year. But this summer, had its own peculiarities.

Prediction for September

In September, economic activity in the housing market usually increases markedly. Rested sellers and buyers return to market with new arguments and plans. Some expect that will change with the coming of autumn market trends. Others tend to believe that tendencies of recent months, only strengthened. And almost everyone expects that with the coming of autumn reduce the uncertainty, and will be more balanced to make responsible decisions.

Our prognosis for September, is grounded in fact that in summer was not the traditional market sleepy, and he worked actively. This means that the tendencies are already present. The inertia of the market will not allow their to quickly change.