"Strong" own property Ukraine ?!

29.10.2008 00:00
The global financial crisis will lead to a redistribution of shares in the Ukrainian real estate market in favor of the stronger players. This opinion was expressed by a senior partner of the Ukrainian representative of the international law firm Arzinger & Partners Timur Bondarev under the International Exhibition held commercial real estate in Europe, EXPO Real 2008. Also at this exhibition was a lively panel discussion: Real Estate Investors Guide: Ukraine, which was devoted to counseling for potential investors in commercial property in Ukraine.

"Despite the crisis, Ukraine is still interested investors, partly due to the fact that the developed markets are saturated and large developers are looking for options in emerging markets. Ukrainian real estate market is fairly young and there is high potential for further development, especially in the segment of large-scale projects, they primarily attract Western investors ", - said Timur Bondarev.

"While the crisis, many real estate projects on hold and no new starts, the crisis still has a positive impact on the market as a catalyst for a series of transactions in the industry, leading to a redistribution of shares to a more powerful players. On the world market is already outlines the relevant trends, especially in retail, and Ukraine will be no exception "- he stressed.

A partner of Anna Pogrebna expressed the firm conviction that the unexamined legislative and regulatory framework for land allocation, construction, investment protection substantially constrains the flow of investments into Ukraine.

Do not forget about the upcoming Euro 2012. Head of Ukrainian Construction Association (UCA) Leo Partskhaladze has its own viewpoint on this issue.

He absolutely agree with his colleagues in the matter saturation in western markets investment, but stressed that the Ukrainian market today is filled with only 20% and requires further qualitative development. This is despite the precarious financial situation in the country.

"Investors who set up long-term professional investment, will invest in commercial real estate in Ukraine today, because the Ukrainian real estate market is the most capacious and unfilled market in Europe" - said Leo Partskhaladze.

Chapter UBA also stressed that the holding of EURO-2012 is even more interest from investors.

"EURO-2012 is a good stimulus for the development of the real estate market of Ukraine. And those investors, who before the others enter the commercial real estate projects being built for Euro 2012, will earn more than others on these projects, "said the head of UBA.

Leo Partskhaladze also believes that today the best solution quickly entering the Ukrainian market is a partnership with local developers. This option will provide more effective and rapid implementation of real estate projects.

As is actually the events will develop in the Ukrainian real estate markets and investment one can not speak clearly.
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