Trump sparks surge in Ukrainian real estate prices
Trump has repeatedly expressed his intent to settle the crisis, arguing that he has 'the power to end this war' in order 'to save lives.'
Last year, the Ukrainian real estate market ended in a downturn, with most property purchases concentrated in the country's relatively safe western regions. However, in January this year Ukrainians rushed for housing, despite the traditionally slow real estate season, market experts told the outlet on Monday.
They attributed the trend to growing expectation that the conflict with Russia will soon end. Many Ukrainians believe that Trump will broker a ceasefire with Russia, making now the perfect time to buy property before prices skyrocket on news of a peace deal, the article stated.
'Rumors of an imminent end to the war have sparked a surge in activity. Many people decided it was the right time to buy and began actively viewing properties,' Irina Lukhanina, a real estate expert from Kiev, told the outlet.
Demand for real estate has grown dramatically and transactions have been on the rise, driven by a wave of cash buyers entering the market. Real estate agencies in Kiev, Odessa, and even frontline Kharkov have reported an uptick in market activity, the report said.
'Demand spans across all segments, from budget-friendly homes to mid-range properties and even luxury real estate,' Lukhanina said. She added that the number of available properties at affordable prices was rapidly decreasing.
However, experts pointed out that buyer sentiment could change after Ukrainian leader Vladimir Zelensky's unsuccessful visit to the White House last week. His meeting with Trump devolved into an openly hostile confrontation during which the Zelensky was accused of ungratefulness for military and financial aid and an unwillingness to negotiate an end to the conflict with Russia.
Real estate agents warned that the current surge in demand could be short-lived, with the market potentially slowing down or even declining if the conflict does not end soon, adding that for now demand remains strong.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Russia Today
26 minutes ago
- Russia Today
Kiev strips citizenship from head of largest Christian church
Ukrainian leader Vladimir Zelensky has revoked the citizenship of the seniormost bishop of the Ukrainian Orthodox Church (UOC), the SBU security agency reported on Wednesday. According to the agency, it has evidence that 80-year-old Metropolitan Onufry obtained Russian citizenship in 2002, and thus was no longer eligible to hold Ukrainian citizenship. Zelensky has reportedly ordered the church leader to no longer be considered a Ukrainian national, although his office has yet to publish the decree. Zelensky's government has been cracking down on the largest religious organization in Ukraine for years, claiming the measures are necessary due to the UOC's historic ties with Russia. The broad campaign of criminal investigations against the clergy has been accompanied by the seizure of property by supporters of the rival Orthodox Church of Ukraine (OCU), which is backed by Kiev. The UOC says it is being victimized by the government. The SBU alleged that Onufry 'deliberately opposed canonical independence of the Ukrainian church from the Moscow Patriarchy,' referring to the spiritual connection between the two churches originating from the times of Imperial Russia. The creation of the rival OCU in 2019 and its recognition by the Patriarch of Constantinople caused a major rift among world's Orthodox churches. The UOC has been de facto independent from Moscow since the 1990s, but maintained the canonical connection that lent it inter-church legitimacy. Last year, the Ukrainian parliament passed a law that effectively threatened a ban on the UOC unless it cut the spiritual link to Russia. The UN and international human rights organizations have accused Kiev of overreach and interference with the freedom of religion by mandating a specific way of worshiping God. DETAILS TO FOLLOW
Russia Today
6 hours ago
- Russia Today
Trump threatens New York mayoral frontrunner with arrest
US President Donald Trump has warned that the presumptive Democratic nominee for New York City mayor, Zohran Mamdani, could be arrested if he follows through on his promise to prevent federal officials from enforcing immigration laws in the country's largest city. Uganda-born Mamdani said in his victory speech after the New York City Democratic mayoral primary on Tuesday that he would 'stop masked ICE (Immigration and Customs Enforcement) agents from deporting our neighbors.' 'Well then, we will have to arrest him,' Trump said when asked by journalists about the New York state lawmaker's pledge later in the day, as he visited the so-called 'Alligator Alcatraz' migrant detention center in Florida. 'Look, we do not need a communist in this country, but if we have one, I am going to be watching over him very carefully on behalf of the nation,' the president said, referring to Mamdani. Trump also claimed that 'a lot of people are saying he is here illegally. We are going to look at everything.' The president continued his attacks on the Democratic politician after returning to the White House, describing Mamdani as a 'total nut job' and threatening to withhold funding for New York City if he does not 'do the right thing.' Mamdani responded to Trump's comments in a statement on X, labeling them an 'intimidation' attempt that his supporters and him will not accept. The president threatened him with arrest and deportation 'not because I have broken any law, but because I will refuse to let ICE terrorize our city,' the 33-year-old argued. 'His statements do not just represent an attack on our democracy but an attempt to send a message to every New Yorker who refuses to hide in the shadows: if you speak up, they will come for you,' he said. Mamdani has been living in the US since the age of seven and became a naturalized citizen in 2018. He denies being a communist, describing himself as a democratic socialist.
Russia Today
11 hours ago
- Russia Today
Trump threatens Hamas with something ‘worse'
US President Donald Trump has publicly warned Hamas against rejecting a new American-backed ceasefire proposal, stating that the militant group's position will only deteriorate if it refuses to accept the deal, which has allegedly already been agreed upon with Israel. The warning was issued on Tuesday via Trump's Truth Social platform, following what he described as a 'long and productive meeting' between US and Israeli officials. 'Israel has agreed to the necessary conditions to finalize the 60 Day CEASEFIRE, during which time we will work with all parties to end the War,' Trump wrote, thanking mediators Qatar and Egypt for their efforts. I hope, for the good of the Middle East, that Hamas takes this Deal, because it will not get better — IT WILL ONLY GET WORSE. The exact details of the proposal, reportedly finalized during high-level US-Israeli consultations, remain unclear. The deal is believed to include a temporary pause in hostilities in Gaza in exchange for the release of Israeli hostages and broader humanitarian access to the enclave. Egyptian and Qatari mediators are expected to present the deal to Hamas leadership in the coming days. Trump's statement comes amid growing divisions within Israel's own government over the prospect of any ceasefire. Finance Minister Bezalel Smotrich said on Monday that 'this war must end in a decisive victory… without agreements, without mediators.' The far-right official warned that halting operations would pose 'a greater danger' to Israel's future than continuing the war. Despite internal dissent, Prime Minister Benjamin Netanyahu has allowed talks on a possible pause in the fighting to proceed, under pressure from the US and in response to international concern over mounting civilian casualties in Gaza. Since the start of the war in October 2023, more than 56,000 Palestinians have been killed, according to the Hamas-run health ministry. The conflict began after a surprise Hamas assault on southern Israel that left around 1,200 people dead and 250 taken hostage. Israel's response has reduced much of Gaza to rubble and triggered a severe humanitarian disaster in the Palestinian enclave. Washington has supported Israel's military campaign while also urging restraint and promoting humanitarian efforts. In late May, the US-backed Gaza Humanitarian Foundation (GHF) began operating aid corridors following a three-month Israeli blockade. However, over 400 Palestinians have reportedly been killed near aid distribution points since then, according to UN data and local health authorities. The Israeli military recently intensified its offensive following reports that around 20 hostages are still alive in Hamas custody. Israel has claimed a series of high-profile assassinations in recent weeks, including those of Hamas military commander Hakham Muhammad Issa Al-Issa and political leader Muhammad Sinwar. Hamas has denied placing its military infrastructure in civilian areas and has condemned the killings of non-combatants in the strikes.
