Roman Olearchyk writes: "Ukraine is one of the largest countries in Europe, but has an under-developed property market and is struggling to recover from the global recession. Real estate agents and consultants love to talk about the upside potential, pointing to the lack of quality retail, office and logistics property. But residential real estate, where prices skyrocketed in the boom to $4,000 a square metre, is still struggling. The bubble burst suddenly and painfully in the wake of the 2008 global financial crisis. Demand and prices more than halved and have still not recovered. There are, however, some glimmers of hope. The government has proposed land reform this year, which could provide a badly-needed impetus to the sector."
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