The threat of mass bank bankruptcy revived the Ukrainian real estate market
Due to the ongoing closure of banks in Ukraine, citizens with savings are choosing to invest in real estate, which has led to the growth of this sector.
Economic observer Andrei Blinov stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
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“Having extra funds, it’s scary to hold them in your hands, let’s go and buy an apartment, for example, for the purpose of renting it out - the pension reform may be ineffective. The main result of the work of the Groysman government is the growth of the construction industry by 14% last year. This happened because there was a bank collapse, a large amount of money ended up in the hands of the population, enterprises, organizations, and they decided to throw it into fixed assets,” Blinov said.
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