Real Estate Prices Moving Higher

Real Estate Prices Moving Higher

Experts predict rising real estate prices
Upon completion of local “lockdowns”, the price of properties in various segments may increase by an average of 5%. Prolonged quarantine restrictions have slowed demand in the secondary market of Kyiv by10%.

🔵 Enjoying a peace window, on Monday Ukraine placed 8-year Eurobonds worth $1.25 billion at 6.875% per annum – the lowest yield of the government’s 11 outstanding Eurobonds, reported Bloomberg. The benchmark was 7-7.25%, but demand was almost three times supply, pushing down the final interest rate, reports Interfax.ru.
🔵 ICU wrote yesterday, referring to the government hryvnia bond market: “There has been very important improvement in market sentiment after the risk of escalating hostilities in the east of Ukraine declined, with immediate increase in Eurobonds’ and VRIs’ prices.”

🔵 J.P. Morgan has predicted that Ukraine’s GDP will grow by 5.6% this year, said the bank in its April commentary. This is higher than Ukraine’s Central Bank, which lowered its forecast last week to 3.8%. The Economy Ministry came out last week with a ‘consensus forecast’ of 4.1%. J.P. Morgan bases its optimism on EU and global growth in the second half, and on a rebuilding of inventories and a jump in investment in Ukraine. The bank also has predicted that IMF money will flow again to Ukraine in August-September.

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