Ukraine remains a buyers market for commercial property investors | 29 November 2012
Ukraine’s commercial property market remains a safe haven for buyers across all sectors, according to local realtor DTZ.
A report from the property services company has indicated that prime yields should remain stable at 11 per cent throughout next year and even beyond. This is slightly less than in 2011 but still a bigger return than almost anywhere in Europe.
According to kyivpost.com, logistics properties are currently providing the best deals for investors, averaging around 15 per cent in the capital.
Office rents have softened slightly due to a huge supply of new properties hitting the market this year. More than 103,000 sq m worth of office space were built in the country this year, almost doubling the total amount. A similar growth of retail space is expected in the near future.
Predicting the future of the Ukrainian commercial property market, a DTZ spokesperson told pie-mag.com they expected further compression of yields in 2013.
They explained that yields were “irrationally low” before the Eurozone crisis, despite “clearly unsustainable” rents in some areas of the country.
Now that this previously volatile market appears to have calmed, investors should be able to benefit from a country which remains largely under-supplied, they concluded.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
Qube Global Software wins Industry Supplier of the Year Award for 2nd consecutive year | 2 December 2016
Qube Global Software won Industry Supplier of the Year at the News on the Block Property Management Awards for the second year running.
We have partnered with the Facilities Show to host an exclusive webinar on the relationship between facility, property and estate managers and their service providers and contractors.
We are delighted to announce that Qube Global Software has been shortlisted in the Industry Supplier of the Year category at the Property Management Awards 2016, hosted by News on the Block.