DYNAMICS OF CHANGES IN DISCOUNT RATE OF NBU
Prices for square meters in projects under construction for the year increased by 10-12% in hryvnias, CEO and Managing Partner of the development company DC Evolution Andriy Ryzhykov has told Interfax-Ukraine.
“A sharp rise in prices is not observed – there is a normal, projected growth of 10-12% in hryvnias and a little less in U.S. dollars. Depending on the quality of projects and the phase of implementation, prices in some objects have grown by 20-25%,” Ryzhykov said.
The expert named several reasons for the increase.
“Firstly, inflation, no one has canceled it. Secondly, people have money and they are ready to spend it. Oddly enough, the coronavirus year has become super profitable for many industries. Thirdly, the cost has increased greatly, accordingly, this needs to be compensated for by higher prices,” Ryzhykov said.
The expert also named the buyers’ increasing requirements for future housing.
“People, living in COVID-19 conditions, wanted a different quality of life, so projects that rely on environmental friendliness, nature, high-quality infrastructure and safe yards are ready to give installments, and do not complain about the flow of money, so they have the opportunity to raise the price,” Ryzhykov said.
The expert denied the assumption that a “bubble is inflating” in the domestic market of residential real estate.
“A bubble is an abundance of insanely cheap money that is thoughtlessly distributed, which leads to an unjustified rise in prices. In our country, growth is quite economically justified,” Ryzhykov said.
He said that one should not be afraid that the investment in the facilities under construction will not pay off.
“In most high-quality projects, buying an apartment at an early phase and reselling it at 30% more expensive before commissioning, one can earn about 15% per annum, and this is a completely normal investment,” Ryzhykov said.
The Cabinet of Ministers has approved the opening of an international checkpoint across the state border at Zhytomyr airport for freight and passenger traffic with a permanent mode of functioning and round-the-clock operation.
The corresponding decision was made at a government meeting on June 30.
As noted in an explanatory note to the decision, to date, Korolev Zhytomyr International Airport state enterprise of Akkord LLC is an efficient subsidiary that can provide landing, takeoff, parking and maintenance of aircraft, passengers and cargo.
The net supply of foreign currency from the Ukrainian population since the beginning of the year amounted to $1.6 billion, Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said.
“In the segment of foreign exchange transactions of individuals, the supply of foreign currency continues to prevail over demand. In particular, since the beginning of June, the net sale of foreign currency by individuals (in cash and non-cash form) has exceeded $300 million, and since the beginning of the year amounted to almost $1.6 billion,” he wrote on Facebook.
As reported, the net supply of foreign currency by the population of Ukraine in March amounted to $182 million, and in April – $422 million.
SkyUp Airlines will launch flights on the Odessa-Thessaloniki (Greece)-Odessa route from July 6.
According to the press service of the company, they will be performed once a week on Tuesdays.
There are currently no direct flights from Odessa to Thessaloniki.
The Verkhovna Rada has adopted at the final reading a bill allowing the import of samples of innovative crop protection agents (PPP) for scientific research and state testing into Ukraine by canceling the amendment introduced in December 2015 prohibiting the testing of imported pesticides without their preliminary registration in the country of origin.
Bill No. 2289 with amendments to Article 4 of the law on pesticides and agrochemicals regarding the import of pesticides into the customs territory of Ukraine at the final reading at a session on Wednesday were supported by 291 MPs with the required 226 votes.
The rule, according to which a prerequisite for the import and use in Ukraine of samples of unregistered pesticides used for state testing and scientific research is documentary confirmation of their state registration in the country of production, was removed from Article 4 of the law on pesticides and agrochemicals.
According to an explanatory note to the document, conflicts of legal norms on the regulation of the import and use of pesticides not registered in Ukraine are eliminated, and it is allowed to use, store, sell, advertise and transport the remnants of imported agents within two years after the expiration of their registration period.
