Price of real estates and houses will drop further

Feb 20 • Real Estate • 858 Views • No Comments on Price of real estates and houses will drop further

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National statistics committee have researched into 6 districts of the capital about the price of real estates and houses. In the 4th quarter of the year 2008, the prices were increased by 18.3% in comparison to the 4th quarter of the year 2007 but prices were decreased by 5.7% (1st quarter), 16.2% (2nd quarter) and 16.4% (3rd quarter) in the year 2008 respectively.

In the year 2007, price of real estates and houses were increased by 5.5-50.7%. In the 3rd quarter of the year 2008, prices were decreased by 10.9-18.8% if compared to 3rd quarter of the year 2007, reports the National statistics committee. As sales have slumped even further in the year 2009, we are looking for further price drops and can almost predict them says the specialists.

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