NBU's limiting cash transactions, new rules of valuating objects will not affect real estate market, says Blagovist
Kyiv, July 11 (Interfax-Ukraine) – The National Bank of Ukraine's (NBU) implementing from September 1 this year of restrictions on cash transactions in the amount of UAH 150,000 have facilitated the revival of transactions on the real estate market in the first half of the year and will not significantly affect the market when the restriction comes into effect.
Director General of Blagovist real estate agency, part of First Realty Group (both based in Kyiv), Iryna Lukhanina, said this at a press conference at Interfax-Ukraine on Thursday.
"This to some extent urged on the market in the first quarter of the year, especially in the recent months, and those who want to receive money have the possibility of getting money and those who want to transfer funds – the possibility of transferring them. I don't think that this somehow will affect the market from September, some period of time should pass, usually three or seven days, when the market will be adapting to the situation," she said.
In her view, the introduction of the restriction on the contrary will become one of the positive factors for the real estate market.
"I don't think this will affect the market, this is likely to revive the economy in general, transactions from a larger number of legal entities could appear, transfers from abroad are possible. I think it will be one of the positive factors," added Lukhanina.