Reducing the cost of land in Kiev to help construction companies

13.10.2010 13:09
Articles about real estate | Reducing the cost of land in Kiev to help construction companies Reduction in the capital of the selling price of land and rental rates could make life easier for developers and reduce the cost of housing in the primary market, according to council members.

Several years ago the city authorities had already increased the cost of ROW. Now the price weave in the center of the city can reach 40 thousand dollars, on the periphery - 20000. Rental rate - from 3 to 12%. Developer for the use of the site in the city center has to pay up to 5,000 dollars per hundred square meters each year.

"The first decision when it was revised regulatory and monetary valuation, it was increased with an average of 3 times. The second solution - it pursuant to the decision of the Verkhovna Rada on the budget for the year 2008, when changes were made and it was envisaged that the minimum rental rate for land section may be 3%, based on this decision was made gradation depending on the types of activity: housing remains 3%, but at the time when the earlier figures were even a half, "- said the deputy of Kyiv City Council Sergey Melnik.

Content tags: land Kiev
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