“Prices will never get any lower”: An economist advises on where to invest spare funds right now
15 April 16:23
Economist Andriy Novak urges Ukrainians not to keep their savings “under the mattress,” but to invest them in land or real estate. According to his forecast, prices for these assets will never be lower again, so the current moment presents a unique window of opportunity for domestic investors. He made this statement in an interview with the YouTube channel "Komersant Ukrainian".
“If you have spare funds, the first priority is real estate and land,” he noted.
The economist explains: right now, asset prices in Ukraine remain at rock bottom due to the war, so this could be a profitable time to invest. At the same time, according to Novak, once the war ends, the market will begin to recover, and real estate prices will skyrocket along with it.
“Because prices for all assets in Ukraine are at their lowest right now. And they will never be lower,” he warns.
If you don’t have large sums to invest, the economist advises against keeping hryvnia savings “under the mattress,” as inflation will gradually erode their value. Regarding savings in foreign currency, Novak noted that this won’t provide an opportunity to “make significant money.”
“If you want to make money, it’s hryvnia deposits in our banking system,” he advises, adding that you should only invest in large, reliable banks.
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