The housing boom and should precede a recession. It said economic theories and leading experts. Once the boom is past, but many say the crisis is over, when to expect the next boom in the construction of homes in Central and Eastern Europe?
Boom by 2008 the housing markets in the region was characterized by global, internationalization of investors and mortgage financing by foreign capital. With the crisis most foreign capital fled the region, leaving the sector to local demand, entrepreneurs are fighting for survival, and banks tightened financing.The housing market is a function of makrokonomicheskoto state of a country and the development of markets varies from country to country - some are still in recession, others show signs of recovery.
In most countries, home sales fell dramatically, but the lack of cash makes the entrepreneurs to reduce prices amid oversupply in the markets, but overall demand did not recover to their original levels.