Why in Minsk so bad to sell the apartment?

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strange, but before property in Minsk almost always found a buyer.And it is clear that even in the most remote and a remote district of the capital can be equipped with a delightful office.And thanks to the fact that the roads here are more or less in the proper form, the problems in order to get almost there (for those who do not have a personal car - a great road junction).It has everything and more for a superior life and a good real estate.However, in recent years, it began to observe a very sharp decline in interest from buyers as if people do not need houses and apartments.

most observant might have noticed that some of the major real estate company began an unprecedented action for real estate discounts on square footage.Moreover, some of the ads say that you can throw up to 5 or even up to 10% of the cost!But alas, somehow muffled, no hurry to acquire apartments in Minsk .What is the reason?

Actually, it is clear: the difficult economic times.However, earlier, during previous crises have always been willing to invest in real estate.It's not just about money.

among the first affected developers, who practiced participatory construction.The problem is that the majority of buyers to get involved in construction through loans.However, they are often issued in Belarusian rubles.Because of the devaluation of the people in panic and shock to understand that they have lost huge sums, which, incidentally, still have to pay under the draconian interest at 50% per annum and above.A seller, no matter how hard (admit it, many did not even try) to keep the cost would still have to raise it, and not even "on" and "in" a certain number of times.Belarus gained even mortars - those for the manufacture of which seemed to be no need to involve imported components.Some shareholders appeared in a difficult situation: to take extra money for absolutely nowhere, but to get a new loan will not succeed, and take it with ever-increasing rate of refinancing is simply terrible.And on the other hand, to abandon the construction of late - terminate the contract, many builders reserve the right not to return the invested funds if the relationship had to break through the fault of the insolvent buyer.

What's up with the Belarusian real estate?Fractional construction began to be associated with something bad.Construction stopped, no funding.Those who have money prefer to invest in the "secondary housing", and probably made the right decision.