Prices of capital houses and apartments in a segment of "economy " significantly decreased, and by autumn they may fall even more - experts predict.

Times, when buyers paid $ 80-90 thousand for a 32-meter apartment in a little bit decent part of Kiev, are gone. Now the cost of such proposals dropped and a one-room apartment sellers asking an average of $ 50-60 thousand

The average cost of capital of private homes also fell, now sellers are asking $ 1,922 per square meter. When compared to March 2010, the price has fallen by 16%, according to a report of information-analytical portal "Capital estate".

The key factors affecting the fall in prices is the lack of funds from buyers and a lack of credit, says expert real estate partner at Ardens-Group Anna Shevchenko. Now the sellers try to attract buyers by offering them lower prices and flexible terms of payment by installments.

"Housing boom" early 2000's, when people took loans and bought property in order to resell it a couple of years at an exorbitant price, too, remains in the past. Shevchenko explains this by saying that in the next five to seven years, the real estate market will not grow substantially.

"There will be price fluctuations, but such growth before the crisis, there will be no, - said Shevchenko. - Growth may start in seven years if it is steadily developing the economy."