Investment in real estate in Kyiv in 2013 increases by 5.7%
Kyiv, February 5 (Interfax-Ukraine) - Investment in real estate in Kyiv in 2013 through transactions by the Blagovist and Park Lane real estate agencies, part of First Realty Group (all based in Kyiv), grew by 5.7% compared to 2012, to $576.7 million, and the Kyiv real estate market as a whole is expected to retain active operations and positive dynamics in 2014.
Such data and the forecast were released by the heads of Blagovist and Park Lane at a press conference at Interfax-Ukraine on Wednesday.
"We think there won't be price changes [in 2014], and quantitative changes, let's say, will go upwards, starting from mid-February," Blagovist CEO Iryna Lukhanina said.
She noted that new legislative and regulatory changes in the real estate industry in 2013 did not affect market development, only displacing the traditional seasonal activity to July-August, from December. Political events and the continuing protests also did not significantly affect the real estate market in Kyiv.
Lukhanina said, with reference to the single information center of Blagovist and Park Lane, that the number of transactions on property sale, purchase and rent by the agencies in 2013 increased by 19.2% compared to 2012, to 9,700.
The ratio of property sale-purchase and rent deals over the year was 44% to 56%, she added.
According to Blagovist, the share of property sale and purchase deals in the segment of up to $100,000 in the total amount of transactions in 2013 was 53.8% (35% up), in the segment of $100,000-200,000 - 34% (29% up), and in the segment of $200,000-300,000 - 6.4% (18% up).
The number of transactions on the rent market fell by 8.2%, the expert specified.