Investment in elite property in Kyiv on First Realty Group deals 81% up in Sept

Investment in elite property in Kyiv on First Realty Group deals 81% up in SeptInvestment in luxury real estate in Kyiv on the transactions of Blagovist and Park Lane real estate agencies, part of First Realty Group (all based in Kyiv), in September 2015 increased by 81% compared to August 2015, to $6.88 million, which accounts for 23% 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 the U.S. dollar on the day of the transaction.

"After August holidays activity in the real estate market in Kyiv in September invigorated significantly. This allows us to talk about the successful start of a new business season, as well as positively estimate the prospects of the expensive real estate market," Park Lane CEO Viktoria Barabash said.

She also added that there are prerequisites for the tendency to increase the activity of buyers in October and November to continue in the real estate market in Kyiv, but the pace of growth may slow down.

According to the agency, the share of transactions in elite real estate in the capital, including facilities with a cost from $250,000, in the total volume of First Realty Group operations in September 2015 grew to 7% against 4% in August 2015.

Source: Interfax
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