Ukrainian-based InCo home, one of the leading investment companies in construction and real estate industry, says the primary real estate market in Ukraine in January-March 2020 (Q1) lost 15% of sales year-over-year (y-o-y).
UNIAN: Coronavirus affects Ukraine’s real estate market
The Pechersk district in central Kyiv on Dec. 6, 2019. While the real estate market slowly recovers after a long recession, the government doesn’t benefit from this rebound due to low and outdated taxes on property. Hence, Ukraine’s government will continue to miss out on a key revenue source that finances police, roads, schools and a host of other local public services in Western nations.
