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Dollar hits the real estate: in average the market experiences 10% price increase

Today the average home prices on the first market in Kiev raised to 6,1-12,5% in national currency – up to 12,7 -30,3 thousands of hryvnas for square meter. The increase within the two months reached 7-15%. This is a result of US Dollar rate increase in June-August 2012, informs City Development Solution consulting company in Kiev. It is logical that the amount of transactions will drop. Though the second-home transactions continue, the largest amount of contracts are performed in the range of $80-95 thousands cost. Drastically dropped the interest in luxury homes in all Kiev districts. Given the instability of the dollar rate, the commercial risk leads to the decrease in purchase and sale. Even the price fixation in hryvnas will not improve the situation – those who were saving dollars have already realized their demand. Those who were planning to buy property are not going to exchange hryvnas for dollars to avoid exchange losses.  
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