Over the past half of the year, active lobbying of the topic is observed regarding the restriction of cash turnover in Ukraine.
In November 2012, the relevant law entered into its legal force, only on the practical implementation of this law they decided to stop only now. Already in January, the National Bank may introduce a restriction on cash, the amount of which exceeds 150 thousand hryvnias.
And how with this case in Europe?
The practice of non -cash calculation has been observed for a long time in European countries, where it has long become commonplace. Most of the calculations in the United States and Europe are carried out in accordance with the bank transfer. For the Ukrainian market, this will be quite problematic, due to the fact that most of our compatriots are limited to withdrawing funds from ATMs only.
How will all this affect the real estate market?
In the domestic real estate market, the introduction of such a restriction will in no way significantly affect the current situation. This is due to the fact that in the primary real estate market, almost all payments are made exclusively by bank transfer. A somewhat different situation is observed on the secondary, but here the situation may not be critical. Almost all payments for real estate objects are carried out mainly in dollar terms. Now there will be a need to convert dollars into the national currency, after which the funds will be deposited into the internal account, and then transferred to the seller’s account.