Greater Kyiv area market-wide vacancy increased to 12.1% at the end of the first half of 2015 due to suppressed business dynamics in Ukraine.
Central and Eastern Europe (CEE) continued to dominate shopping center development activity last year.
Chinese billionaire Wang Jing, who plans to build a rival to the Panama Canal, agreed to invest $10 billion in a deepwater port in Ukraine. Mr. Wang will join Ukrainian partner Kievgidroinvest LLC to work on an economic development zone on the Crimean peninsula.
The number of shopping center in development around the world is up 15 percent from a year ago, with more than half of the projects in China, according to new data released by CB Richard Ellis.
STR Global tells World Property Channel that in light of the upcoming UEFA European Football Championship taking place in Poland and the Ukraine this summer, local hotel inventory is expected to increase by 9.4 percent in Wroclaw, Poland, 8.7 percent in Kiev, Ukraine, and 1.7 percent in Warsaw, Poland, compared to the previous year.
According to London-based real estate firm Knight Frank, prime global city markets in 2012 are likely to outperform their mainstream national counterparts, but don't expect all prime residential markets to deliver positive growth.