Ukraine Promising Potential for 2008
Ukraine is set to be one of the most promising property markets for 2008 with strong economic growth and significant foreign investment.
Since the Ukraine’s transition to true democracy three years ago, property values have risen by an incredible 600%. In Kiev alone, from 1st January 2007 to 6th September 2007, prices have grown by an average of 6%.
The Ukraine has demonstrated economic stability with strong economic performance since 2000; GDP grew by more than 50% between 1999 and 2004. Economic growth advanced by 7% in 2006 with a rise in real disposable income of 16.5%.
Foreign direct investment increased significantly in 2007, along with an increase in the number of international companies operating in Kiev. Merrill Lynch is a prime example who has invested heavily in the country, and the number of business visitors.
In Soviet times, low levels of housing per capita existed and limitations of migration to big cities were enforced. Today, people are able to move to the cities where opportunities and capital is concentrated and as a result, income levels have risen within these areas.
The strip along the southern coast of Crimea, a highly popular tourist destination with Ukrainians, Russians and other international foreigners, is attracting the interest of property investors.
The Ukraine has held records of high rental yields and in comparison to mature European markets is one of the primary attractions for foreign investors to the country. Overall rental yields are on average 8.8%, with yields in Kiev ranging between 6.9% and 10.2%.
With the hosting of the Euro 2012 football championships, the country looks set to continue along the path of economic growth with a promising future for property investment.
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005 or email: press@obeliskinternational.com
Since the Ukraine’s transition to true democracy three years ago, property values have risen by an incredible 600%. In Kiev alone, from 1st January 2007 to 6th September 2007, prices have grown by an average of 6%.
The Ukraine has demonstrated economic stability with strong economic performance since 2000; GDP grew by more than 50% between 1999 and 2004. Economic growth advanced by 7% in 2006 with a rise in real disposable income of 16.5%.
Foreign direct investment increased significantly in 2007, along with an increase in the number of international companies operating in Kiev. Merrill Lynch is a prime example who has invested heavily in the country, and the number of business visitors.
In Soviet times, low levels of housing per capita existed and limitations of migration to big cities were enforced. Today, people are able to move to the cities where opportunities and capital is concentrated and as a result, income levels have risen within these areas.
The strip along the southern coast of Crimea, a highly popular tourist destination with Ukrainians, Russians and other international foreigners, is attracting the interest of property investors.
The Ukraine has held records of high rental yields and in comparison to mature European markets is one of the primary attractions for foreign investors to the country. Overall rental yields are on average 8.8%, with yields in Kiev ranging between 6.9% and 10.2%.
With the hosting of the Euro 2012 football championships, the country looks set to continue along the path of economic growth with a promising future for property investment.
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005 or email: press@obeliskinternational.com
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