KYIV. July 28 (Interfax-Ukraine) – Over 50% of business and elite class apartments in Kyiv are bought by residents of other regions of Ukraine, mainly from eastern regions of Ukraine, Park Stone residential complex (Kyiv) said in a press release on Monday, referring to the head of the sales department Dmytro Shostia.
“In 60% of cases finished apartments are bought with the purpose of investment and leasing apartments: people are trying to save their money via investing into high-quality and expensive property, which they believe would be always of great demand. It is hard to predict how capacious the prestige apartment leasing market would be in coming years,” Shostia said.
He said that business and elite class apartments in Kyiv with gross area of 85-150 square meters in Pechersky district are of great demand with buyers.
Despite the fact that since early 2015, prices in Kyiv’s business and premium class apartment blocks have stabilized at $2,000-4,000 per square meter, demand on them grew by 7-10% in June-July, he said.
He said that these apartments are bought using cash, and this allows buyers to receive a discount of 10-25%.
