Uh oh. Karma Car has arrived in Crimea. This is good stuff. It shows the value of harassing Crimea by striking Sevastopol and striking the Kersh Bridge etc even if a full assault is a ways off.
As the realtors say on Zillow: "Let's get this started."
Last Monday, I said the following:
"Ukraine sending some signals that they are doing long range planning for Crimea- just to get the Russians attention. (Ukraine had just issued a statement that it when Crimea is taken all illegal migrants/occupiers would be required to leave).
A lot of Russians have already left or are planning to leave. They are well aware that when Russia invaded Crimea many, many Ukrainians had to sell or abandon their houses for just pennies. Just as what the Nazis did to the Jews. And just as the Tatars experienced when the Russians deported them from their homeland, also known as Crimea.
So if you are Russian and own/seized property in Crimea and are expecting to get some value for "your" house, you better sell it and get out while it is still worth something. Otherwise, KARMA is going to pay you a visit SOON."
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And now we see this and it will only get worse. More at link.
Not sure there is much of a bargain there for the buyers either. In a civilized country their title to any property that they bought from an illegal occupier after the 2014 invasion would be very flaky. The transaction requires the buyer to think through whether the Ukrainians will ultimately take Crimea or not.
Crimean Property Prices Crash As Ukraine War Hits Home
Moreover, there are also signs that, as the situation in Crimea becomes increasingly fraught and uncertain, many Russians are seeking to exit the local real-estate market at all costs.
Although officially a lot of real estate is being offered at prices that have been reduced by up to 2 percent, many owners are happy to knock off up to 20 percent of a property's declared value in order to get it off their hands as quickly as possible, according to Natalia Massalskaya from Multidom, a Sevastopol realtor.
Dmitry Zhidelev, the chairman of the Crimean Guild of Realtors, says that that the peninsula's real estate has become such a buyer's market that advertised property prices are being slashed by as much as 50 percent by the time a purchase is agreed.
https://www.rferl.org/a/ukraine-crimea-russia-war-real-estate/32213544.html
As the realtors say on Zillow: "Let's get this started."
Last Monday, I said the following:
"Ukraine sending some signals that they are doing long range planning for Crimea- just to get the Russians attention. (Ukraine had just issued a statement that it when Crimea is taken all illegal migrants/occupiers would be required to leave).
A lot of Russians have already left or are planning to leave. They are well aware that when Russia invaded Crimea many, many Ukrainians had to sell or abandon their houses for just pennies. Just as what the Nazis did to the Jews. And just as the Tatars experienced when the Russians deported them from their homeland, also known as Crimea.
So if you are Russian and own/seized property in Crimea and are expecting to get some value for "your" house, you better sell it and get out while it is still worth something. Otherwise, KARMA is going to pay you a visit SOON."
===============
And now we see this and it will only get worse. More at link.
Not sure there is much of a bargain there for the buyers either. In a civilized country their title to any property that they bought from an illegal occupier after the 2014 invasion would be very flaky. The transaction requires the buyer to think through whether the Ukrainians will ultimately take Crimea or not.
Crimean Property Prices Crash As Ukraine War Hits Home
Moreover, there are also signs that, as the situation in Crimea becomes increasingly fraught and uncertain, many Russians are seeking to exit the local real-estate market at all costs.
Although officially a lot of real estate is being offered at prices that have been reduced by up to 2 percent, many owners are happy to knock off up to 20 percent of a property's declared value in order to get it off their hands as quickly as possible, according to Natalia Massalskaya from Multidom, a Sevastopol realtor.
Dmitry Zhidelev, the chairman of the Crimean Guild of Realtors, says that that the peninsula's real estate has become such a buyer's market that advertised property prices are being slashed by as much as 50 percent by the time a purchase is agreed.
https://www.rferl.org/a/ukraine-crimea-russia-war-real-estate/32213544.html
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