10:58 14.01.2014

Investment in real estate in Kyiv in December 30.7% up

2 min read

Investment in real estate in Kyiv in December 2013 amounted to UAH 463 million ($57.833 million), which is 30.7% more than in November 2013, Blagovist real estate agency, part of First Realty Group (both based in Kyiv), has said, with reference to CEO Iryna Lukhanina.

"The situation in the country evolved in such a way that December 2013 did not become a record month, its traditional place was occupied by October. At the same time, decadent sentiment is not observed on the market. Some buyers, wanting to keep track of possible price changes, postponed transactions until the beginning of the new year. Accordingly, January-February 2014 are expected to be active enough. Moreover, we do not forecast price changes on the real estate market, because the current situation is not a reason for the reduction of prices for housing and non-residential property," she said.

According to the results of all deals signed by the real estate agency during the month, the correlation of sale to rent was 47.3% and 52.7% in favor of transactions on real estate sale and purchase.

According to data on deals signed in December 2103, the share of deals on the Kyiv property market in the segment of prices up to $100,000 was 53.8%, $100,000-200,000 - 31.8%, $200,000-300,000 - 8.4% of the total number of transactions.

Blagovist was created in 1993. By the beginning of March 2013, it included ten branches in Kyiv. It employs more than 880 people.

First Realty Group also includes Park Lane (Kyiv, established in 2006, as of January 2012 had six branches in Kyiv, employs 500 people).

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