Business news from Ukraine

INVESTMENT IN ELITE REAL ESTATE IN KYIV ON FIRST REALTY GROUP DEALS ALMOST DOUBLES IN APRIL

13 May , 2016  

KYIV. May 13 (Interfax-Ukraine) – The volume of investment in elite real estate in Kyiv under the transactions of Blagovist and Park Lane real estate agencies, part of First Realty Group (all based in Kyiv) in April 2016 grew by 1.8 times from March 2016, to $8.489 million, accounting for 25% of total investment in real estate in the past month.

Park Lane said, with reference to its analytical center, that this data includes the calculation of the cost of a transaction in the national currency at the average exchange rate to U.S. dollars on the day of the transaction.

Park Lane reported the share of transactions in the segment of elite real estate in the capital, including facilities with the cost starting with $250,000, in the total volume of transactions formalized by First Realty Group amounted to 7% in April 2016.

The share of transactions with apartments of the total number of deals of First Realty Group was 75%. The highest demand was seen for apartments of 100-250 square meters located both in new residential complexes and old buildings in Pechersky, Shevchenkivsky, Podilsky, Solomiansky and Dniprovsky districts. Their price ranged between $1,700-2,800 per square meter.

According to Park Lane, the share of transactions with non-residential objects in the total volume of transactions in the elite property segment by First Realty Group in Kyiv in April 2016 stood at 10%. The most popular among buyers were offices of 80-150 square meters and a value of $2,800-3,900 square meters located in Pechersky district.