Despite the political to-ing and fro-ing, Ukraine’s economy remains in robust shape with growth progressing across the board and foreign investors undeterred by the strife.
Ukraine became a World Trade Organisation (WTO) member in May 2008, after years of negotiations and reforms, and is expected to make continued progress on the reforms needed for closer economic ties with the EU.
Ukraine’s economy remains in robust shape with growth progressing across the board and foreign investors undeterred by the strife
Preparing to host Euro 2012 is providing a massive boost to the construction sector. The government spent $4.43bn on extensive programs of infrastructure development and renewal, including the development of the road system, the upgrading of the country’s airports, as well as the construction of new football stadiums and visitor accommodations.
While foreign demand has traditionally been centered around Kiev, 2012 saw growth in demand for property in regional cities such as Odessa, Donetsk, Dnepropetrovsk and Kharkov.
House prices in Ukraine rose up by 28.9% during the year 2012 to reach $3000 euros per sq meter. An encouraging economic outlook, relatively stable political situation, high rental rates and strong demand from tenants are trends commercial real estate.
House Price Change, Annual (%)
