The crisis had a BENEFICIAL IMPACT ON UKRAINE! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
The global liquidity crisis has increased the interest...The global liquidity crisis has increased the interest of Western investors in the Ukrainian real estate marketThe global liquidity crisis has increased the interest of Western investors in emerging real estate markets of Russia and Ukraine, said the Director of the division of economic and strategic research at Jones Lang LaSalle in Russia and the CIS Vladimir Pantyushin.According to a press release of the company, this opinion he expressed at the annual conference dedicated to the commercial real estate market of Ukraine "the Ukrainian real estate market: choosing the right strategy"."The deteriorating situation in the Western markets has increased the interest of investors to emerging markets (real estate) in Russia and Ukraine, offering significantly higher yields. This also contributes to improving the transparency of real estate markets of these countries and especially the increase in the supply of quality assets," given in the press release of B. Pantyushin.According to the Deputy Director, division chief financial markets and investments at Jones Lang LaSalle in Ukraine Herman Panikar, current market conditions dictate the need for joint ventures."The deterioration in credit conditions and the stagnation in the housing market has put developers in a very difficult position, forcing them to think seriously about survival and overcoming the liquidity crisis. The most appropriate solution to the problem, in many cases, is the creation of joint ventures" вЂ“ is quoted in the press release G. Panikar.However, he argues that this kind of cooperation is suitable not only for Ukrainian companies, but also Western. "This form of cooperation is also sought by foreign developers and investors. For them Ukraine is still a country with a large number of risks, high level of bureaucracy and an extremely intricate system of approvals and permits. Finding partners among local developers helps them to minimize risks and high returns and lack of tough competition make Ukraine an attractive market," said G.