Ukraine Real Estate Report 2015
BMI View: We see long term potential in Ukraine's commercial real estate sector as continued growth inUkraine's export and infrastructure sector as the country emerges from recession and political unrest. Theexpected improving demand for commercial properties and relatively good yields make Ukraine a goodmarket for investors over the long term. However, the current uncertainty of Ukraine's political landscapehas had a detrimental effect on domestic business and consumer confidence together with the bankingsector for financing. Weak demand for commercial properties and relatively good yields make Ukraine arisky market for investors over the short term.
Ukraine's real GDP growth continues to be negative in 2015 at -7.2%, which is even worse comparing to therate in 2014 at -6.8%, with the current political turmoil on the situation with Russia and the potential for aresumption of fighting between the Ukrainian army and pro-Russia forces in the east. It shows a negativeeconomy as political issues are still underway with sharply depreciating hryvnia and persistent threat of amilitary invasion by Russia, which will be punitive to the commercial real estate market to increase the rentand occupancy level over the coming five years.
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