Real estate market reforms: what will they bring?

We will analyze the real estate market and the reforms that were undertaken in it based on the results of the first half of 2013.

June a month, in fact, like everyone else before it, was marked by a period of restructuring the entire Ukrainian real estate market. The Ukrainian state itself, as well as those politicians and forces that are close to it, acted as the main initiator of the intended restructuring, as well as its main driving force. Reforms, like any other restructuring, suggest the achievement of several key goals, which in essence do not have a strictly defined hierarchy.

However, you can independently highlight several key aspects:

– the maximum possible supplant from the entire real estate market of foreign currency in the context of settlement funds during transactions;

– new rules for evaluating real estate objects (when they are implemented, completely new personnel, structures are involved, which are engaged in real estate assessment);

– elimination of BTI and significantly the number of its functional duties, which were simply transferred to private and state structures;

– replenishment of budgets by introducing updated tax on residential real estate;

– The rules for registering property rights are largely close to global standards.