Ukraine Tightens Scrutiny of Privatized Property Buyers
· WOWERI
The State Property Fund of Ukraine (SPFU) plans to tighten scrutiny of privatized property buyers. New rules require buyers to provide a mortgage or bank guarantee.
Ukraine Tightens Scrutiny of Privatized Property Buyers
The State Property Fund of Ukraine (SPFU) plans to tighten scrutiny of privatized property buyers. New rules require buyers to provide a mortgage or bank guarantee for transaction approval. The guarantee amount must not be less than the market value of the property as per the appraisal report.
Implications for Business
The new rules may significantly impact businesses in Ukraine. Companies planning to acquire privatized property must be prepared to provide the necessary guarantees. This may increase costs and risks for businesses.
Conclusion
The SPFU is tightening scrutiny of privatized property buyers. New rules require buyers to provide a mortgage or bank guarantee. This may significantly impact businesses in Ukraine.
What to do next
Source: biz.ligazakon.net