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14:58
FIRST REALTY GROUP REGISTERS 20.1% RISE IN INCOME FROM DEALS ON SECONDARY HOUSING MARKET IN KYIV IN JUNE

Kyiv, July 27 (Interfax-Ukraine) - First Realty Group, which includes the Blahovest and Park Lane real estate agencies (all based in Kyiv), has registered a rise in the number of deals on the sale and purchase of apartments on the secondary market and leasing market, which led to a rise of 201% or $9.15 million in total group income compared to May, to $54.6 million.

The corporation's press release says that the rise in total income against January 2009 was 2.3 times, while its total income from deals in June 2009 was the same as in September 2008.

Blahovest's analysts said that the growth in the total income of the corporation started in the middle of Q1, 2009, in February the indicator jumped by 129.3% against January 2009, from $16.2 million to $37.2 million; in March – by 11.2% compared to February, to $41.4 million, in April – by 8.1% compared to March, to $44.7 million and in May – by 1.5% compared to April, to $45.5 million.

"Despite the fact that summer is a holiday season, the real estate market is very active now. The number of deals grows by 3-8% every month," the press service said, quoting Blahovest's director general, Iryna Lukhanina, as saying.

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