Investing into Ukrainian Commercial Property – Stable Attraction for the Investors

Commercial property in the capital of Ukraine is the main topic for Ukrainian property for sale conferences, and there is one roughly every three months dedicated to just that theme. It is not a surprise; the expertise held in Prague, Warsaw and Moscow and Kyiv is following a variation on a profitable theme. Ukraine's better commercial property consultants have picked up the know-how to interface with investors from different countries of the world.
  The residential Ukraine real estate market, is the domain of roughly 30,000 amateurs, more than 99 percent of whom are running mainly on one factor: emotion. The educated hunch or genuine comparison with property already sold or rented occurs, and there is a tiny minority that is actually trying to improve the professionalism of residential property brokers. However, anyone considering investing in Kyiv's mass of dwellings needs to remember that market operators - buyers, sellers, brokers and appraisers - work in an unregulated system, and the overwhelming majority of them see no need to change.
  The Ukrainian commercial real estate market is a stable attraction for the investors. Now it is considered to be one of the most promising and fruitful in Eastern Europe. Property market in Ukraine has an extremely high growth potential.
  Last years several large foreign investors purchased business properties in the capital of Ukraine for hundred of millions of dollars. The growing potential of property investment in Ukraine in the field of commercial property, economics development are definitely the reasons for such high cost investments.
  It was reported when the Irish Quinn Group announced the purchase of a 93 percent stake in Kyiv's Ukraine shopping mall, located on the Victory Square. The stake in the 35,000-square-meter mall went for $59 million.
  Next object is Leonardo business centre located across the street from the city's Opera House. Leonardo is a perspective business object that is planned to be filled with shopes and offices. The general director Quinn Group in Ukraine -Vladimir Shimkin, said his company spent nearly $95 million for Leonardo.
  He also admitted that Quinn group plans to spend much money into Ukrainian warehouse and office real estate.

www.uaproperty.com