Business news from Ukraine

INVESTMENT IN KYIV REAL ESTATE ON FIRST REALTY GROUP DEALS 22% UP IN MARCH

14 April , 2016  

KYIV. April 14 (Interfax-Ukraine) – Capital investment in residential real estate in Kyiv under transactions carried out by Blagovist and Park Lane real estate agencies (both based in Kyiv), part of First Realty Group, in March 2016 increased by 22% compared to February and amounted to $19.207 million, while the number of purchase and sales transactions rose by 24%.

Blagovist said, with reference to its CEO Halyna Melnykova, 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.

According to the report, in the total number of First Realty Group transactions in March 2016 the share of deals in the price range of up to $50,000 was 35%. The largest demand was fixed for one- and two-room apartments in Holosiyivsky, Darnytsky, Desniansky, Obolonsky and Sviatoshynsky districts in Kyiv.

According to the company, the most “low-cost” object sold in Kyiv in March 2016 was a one-room apartment of 36 square meters without repair, located in a new building in Krushelnytska Street in Darnytsky district. This apartment was sold for $20,000.

In addition, the category of low-cost objects included a flat of 21.7 square meters, located in Volkova Street in Desniansky district, which sold for $21,000.