Comparative property values in the USA and Ukraine

Abstract

Reviews the history of privatization of residential real estate and the development of an embryonic real estate marketing system in Kiev, Ukraine. These changes since the fall of communism partially explain reported differences and similarities in rents and values in Kiev when compared with Philadelphia in the USA. In general, residential values are very high in central Kiev, an area influenced by substantial inflows of Western governmental and business demand. On the other hand, prices and rents per square foot are very low by Philadelphian standards in all other areas of Kiev. An inefficient marketing system may explain the much larger variations that seem to exist in all ratios studied in Kiev compared with Philadelphia.

Citation

Marshall, P.S., Kyj, L.S. and Kyj, M.J. (1996), "Comparative property values in the USA and Ukraine", Journal of Property Finance, Vol. 7 No. 3, pp. 53-70. https://doi.org/10.1108/09588689610127154