KYIV. May 10 (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 April 2016 increased by 24% compared to March and amounted to $23.784 million, while the number of purchase and sales transactions rose by 1.4%.
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.
“We observe a gradual increase in the number of transactions and the volume of market capitalization. This is due to the fact that the current market conditions are favorable for both sellers and buyers. First of all, this is facilitated by the stability of prices. Price correction took place in 2015, and the cost of facilities remains almost unchanged since the beginning of this year. According to our forecast, the situation will not change significantly in the short term,” the expert said.
According to the report, in the total number of First Realty Group transactions in April 2016 the share of deals in the price range of up to $50,000 was 27%. The largest demand was fixed for one- and two-room apartments in Darnytsky, Desniansky, Sviatoshynsky, Pechersky and Shevchenkivsky districts in Kyiv.
