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Tuesday, March 27, 2007

Lviv canceled a land auction

Recently, I've wrote about land auction in Lviv planned at 20 March. But it didn't happen in mentioned time. Due to the lack of bids from potential buyers. The new one is planning at the beginning of April.

Local authorities are ready to reduce the price of land, but have not yet decided on discounts. In April, for the sale of re-sold four land plots, three of which are under public and residential.

The last resulted auction held in Lviv on October 5, 2006. It sold 0.02 hectares in the centre of the city of UAH900K . The city with admirable regularity announced tender, but bids from customers were reported.

Rumours say that the developers don't buy because the price is high. But officials persist for several months been told that if local investors were not able to buy land, at the city market should to come non-residents, says Director of the local town planning council Andrei Pavliv. As a result, in 2006 the local treasury got from the land sales of UAH 52 mln. But in this year budget for this is not received a penny.