volume of investment transactions on the Ukrainian market of commercial real estate in January-June 2009 decreased by 97% compared to the same period of 2008 and amounted to less than $ 10 million, said a consulting company in the field of commercial real estate CB Richard Ellis in Ukraine, with reference to its semi-annual review of the real estate market in the country.
Such a sharp drop - a direct result of the global financial crisis, which is among the countries of Central and Eastern Europe, the most serious damage has been done to the Ukrainian economy. The deep correction in the market has forced all players to change their expectations, but, while the buyers were able to adapt their preferences fairly quickly, sellers are reluctant to accept the new reality, - comments on these figures managing partner of the company Sergey Sergienko, words which led the press service of the company.
This Sergiyenko predicts an increase in volume of transactions in the second half of this year. Nevertheless, there are signs that owners may eventually start to pass its position as the market remains difficult, and pressure from creditors increases. Against the background of reducing the gap in the understandingof the capital cost between the sellers and buyers, we expect increased investment in the II half of 2009, - he said.
In doing so, companies, experts point out that most transactions will be limited to sales stressful assets and projects at an advanced stage of implementation.
According to the company, the transaction in the first half were between the small local companies, while the volume of cross-border transactions in fact be zero.
Sergiyenko notes that the chances of new foreign investors in the real estate market of Ukraine by the end of 2009 are slim, … but the international players that are already present in the market, certainly can play an important role in its history.
It should also be expected to enhance the activity on the part of investors from Russia, whose perception of the local risk is little different from the perception of the Ukrainian players, - he added.
According to CB Richard Ellis, an acceptable amount of a single investment is in the range from $ 30 to $ 40 million
The company also noted the growth rate of capitalization in the second quarter of this year, after stabilizing in the first quarter. Raising rates was also due to weak consumer demand for a reduction in rental rates and volumes of rentable space. Thus, the cost of capital continued to decline by double-negative effects - as rising capitalization rates, and falling rental rates, - noted in the company.
In general, professionals of the situation on the commercial real estate market in the first half of this year called post-shock, adding that already seen some signs that the torrent of crises.
CB Richard Ellis provides a full range of services in commercial real estate, among them - agency services, strategic consulting and valuation of all types of real estate, investment services, marketing and property management.
CB Richard Ellis is based in the United States and is one of the leading consultants for real estate in Russia. The company is in the list of 500 largest companies in the world and has more than 450 offices in 60 countries with staff of over 34 thousand people.
company CB Richard Ellis has opened an office in Kiev in January 2008. It operates 80 people.
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Forex - results of day
Volume investsdelok on the commercial real estate market in Ukraine for 6 months. 2009 fell by half
volume of investment transactions on the Ukrainian market of commercial real estate in January-June 2009 decreased by 97% compared to the same period of 2008 and amounted to less than $ 10 million, said a consulting company in the field of commercial real estate CB Richard Ellis in Ukraine, with reference to its semi-annual review of the real estate market in the country.
Such a sharp drop - a direct result of the global financial crisis, which is among the countries of Central and Eastern Europe, the most serious damage has been done to the Ukrainian economy. The deep correction in the market has forced all players to change their expectations, but, while the buyers were able to adapt their preferences fairly quickly, sellers are reluctant to accept the new reality, - comments on these figures managing partner of the company Sergey Sergienko, words which led the press service of the company.
This Sergiyenko predicts an increase in volume of transactions in the second half of this year. Nevertheless, there are signs that owners may eventually start to pass its position as the market remains difficult, and pressure from creditors increases. Against the background of reducing the gap in the understandingof the capital cost between the sellers and buyers, we expect increased investment in the II half of 2009, - he said.
In doing so, companies, experts point out that most transactions will be limited to sales stressful assets and projects at an advanced stage of implementation.
According to the company, the transaction in the first half were between the small local companies, while the volume of cross-border transactions in fact be zero.
Sergiyenko notes that the chances of new foreign investors in the real estate market of Ukraine by the end of 2009 are slim, … but the international players that are already present in the market, certainly can play an important role in its history.
It should also be expected to enhance the activity on the part of investors from Russia, whose perception of the local risk is little different from the perception of the Ukrainian players, - he added.
According to CB Richard Ellis, an acceptable amount of a single investment is in the range from $ 30 to $ 40 million
The company also noted the growth rate of capitalization in the second quarter of this year, after stabilizing in the first quarter. Raising rates was also due to weak consumer demand for a reduction in rental rates and volumes of rentable space. Thus, the cost of capital continued to decline by double-negative effects - as rising capitalization rates, and falling rental rates, - noted in the company.
In general, professionals of the situation on the commercial real estate market in the first half of this year called post-shock, adding that already seen some signs that the torrent of crises.
CB Richard Ellis provides a full range of services in commercial real estate, among them - agency services, strategic consulting and valuation of all types of real estate, investment services, marketing and property management.
CB Richard Ellis is based in the United States and is one of the leading consultants for real estate in Russia. The company is in the list of 500 largest companies in the world and has more than 450 offices in 60 countries with staff of over 34 thousand people.
company CB Richard Ellis has opened an office in Kiev in January 2008. It operates 80 people.
United States: markets hit records
In good faith for the payers ZHKU a Chernovetsky promise gold
Home for the Provision of the electorate
gospomoschi construction industry pereteklo smoothly in the pre-election campaign …
Ukrainian equity market on Friday showed mixed trends
Nine out of ten dollar bills in the United States have been traces of cocaine
Woe to the mind
in the fight for budget places in the country's best universities newly льготники went around the A-grade …
In the center of Kiev for a few days perekroyut movement
How to avoid fraud in employment
It is no secret that the economic crisis creating favorable conditions for dishonest people …
Forex - results of day