KYIV. Sept 4 (Interfax-Ukraine) – The total volume of investment transactions in the secondary real estate market in Ukraine in the second half of the year could potentially amount to about $10-20 million, DTZ consulting company has reported in a survey for the first half of 2015.
“It is difficult to predict the actual semi-annual rate due to the current instability in Ukraine and uncertainty regarding the further development of the country,” the company said.
The company indicates that the rate of return from investment in real estate in Kyiv from June 2014 to June 2015 had not changed and will be stable by the end of the year.
According to DTZ, at the end of the first half of 2015 net yield rates for office and commercial premises in the capital were at a level of 13.5%, for logistics facilities at 15%. In general, during this period, total investment in the secondary real estate market amounted to $40 million.
“During the first six months of 2015 the most active sellers of real estate in Ukraine were commercial banks, which confiscated real estate from borrowers unable to pay debts. The banks offered the discounts of 10% to 30% of the book value of assets put up for sale,” reads the report.
