Research firm Global Property Guide published in Delo newspaper details of how prices for property of living places have undergone a major change in a few cities over the year gone by. Over the last year gone by reduction in property prices have been fixed in Riga. There have been significant reduction in these prices in some nations like the Unites Arab Emirates which recorded a 50% fall while Singapore showed a 24.9% fall and Ukraine also showed a 26.6.% reduction in prices. Estonia was not far behind with a fall of 30.8%.

In comparison property prices have also risen despite the economies recession in a few places. In Israel they rose by 8%, in Luxemburg by 2% and in Switzerland by 5%. According to a study done by Mitropa Ukraine Company, the people of Ukraine are not willing to invest in foreign property right now with the economic crisis going on as they were willing to before. But at the same time they are interested in buying property in Europe in order to visit and move around the continent as freely and as often as possible. European countries have become vigilant in issuing visas to Ukraine citizens and if they own property then they can acquire a Schengen multi 180 day visa for themselves and for their family members.

Director of a leading real estate agency notes the increase in demand by Ukrainians for German property and also hot on their list follow Italy, Cyprus, Spain, Turkey and also Bulgaria.

The crisis withheld the Ukrainians from investing in property under construction but many strained buyers prefer to look at the secondary property market.

UK Property information

Hurford Salvi carr

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