KIEV, Aug. 25 – The value of investment deals on the Ukrainian commercial real estate market plunged by 97% year-over-year in H1, to less than $10 million, according to a survey by CB Richard Ellis consulting company in Ukraine.
"The slump is directly linked to the global financial tailspin, which among Central and Eastern European states mostly affected the Ukrainian economy. The radical market transformation has made all players to change their expectations; buyers were able to swiftly adapt their preferences, while sellers unwillingly agree with the new situation," the company's press service said, citing its managing partner Serhiy Serhiyenko.
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