{"id":4187,"date":"2017-08-15T07:00:41","date_gmt":"2017-08-15T04:00:41","guid":{"rendered":"https:\/\/forklog.media\/?p=4187"},"modified":"2017-08-14T22:54:54","modified_gmt":"2017-08-14T19:54:54","slug":"ukraine-government-to-allow-foreign-investors-to-purchase-real-estate-online-with-propy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ukraine-government-to-allow-foreign-investors-to-purchase-real-estate-online-with-propy\/","title":{"rendered":"Ukraine Government to Allow Foreign Investors to Purchase Real Estate Online with Propy"},"content":{"rendered":"

Propy<\/a>, the global property store and decentralized title registry, is partnering with the government of Ukraine to allow online real estate purchases by foreign investors for the first time.<\/p>\n

From the capital Kiev to the Black Sea beach cities, Propy will enable Ukrainian properties to be sold entirely online. As of January 1, new legislation is expected to allow foreign investors to purchase land in Ukraine, opening up the nation\u2019s rich agricultural resources to international buyers. Pilot programs will be led by Propy in coordination with Ukraine\u2019s Agency for E-Governance throughout the next year.<\/p>\n

\u201cOur ambition is for Ukraine to be one of the world\u2019s foremost nations in establishing a comprehensive blockchain ecosystem, and the real estate sector forms an important part of our overall blockchain strategy,” <\/strong>commented Oleksandr Ryzhenko, head of the State Agency for eGovernance of Ukraine. \u201cAdopting blockchain\u2019s transformational technology will benefit all counterparties in real estate transactions through fostering greater transparency, efficiencies, security, and compliance.\u201d<\/strong><\/p>\n

\u201cUkraine\u2019s recent commitment<\/a> to build a blockchain-based internal government database with Bitfury was a great first step. Ukraine\u2019s government is strongly interested in building upon this progress by leveraging Propy\u2019s technology to facilitate online real estate transactions to attract foreign property investors,\u201d <\/strong>said Natalia Karayaneva, CEO of Propy. \u201cWhile this clearly benefits the Ukrainian real estate market, it also allows foreign investors to purchase enticing properties in a very low price range, all with the benefits and security that Propy provides.\u201d<\/strong><\/p><\/blockquote>\n

Ukraine\u2019s housing prices experienced a massive decline<\/a> in 2014 and 2015, and prices are down nearly 70 percent below their 2008 peak. However, Ukraine\u2019s economy shows signs of recovery, with the GDP rising 2.3 percent last year. This has made real estate investments appealing to foreign buyers, and the Ukrainian government is seeking ways to facilitate transactions to boost economic outlooks in the nation.<\/p>\n

To solve problems of real estate\u2019s legacy registry systems and outdated property sales process, the Propy uses smart contracts to track and execute real estate transactions according to regional regulations. By using the Ethereum blockchain, Propy allows brokers, buyers, sellers, and title agents\/notaries to sign off on transactions within their existing legal frameworks.<\/p>\n

Propy\u2019s PRO token will be required for interaction with the Propy Registry, specifically when users change ownership of a title or register a new title. ERC20 PRO token will allow for both simple integration into users\u2019 wallets and ease of use in traditional exchanges. 100,000,000 PRO tokens will be available for purchase in PRO\u2019s token sale beginning August 15, 2017. For more information, please visit: http:\/\/tokensale.propy.com\/<\/p>\n

ABOUT PROPY:<\/strong> Propy<\/a> is the world\u2019s first international real-estate marketplace, aimed at solving the problems of purchasing property across borders. Propy facilitates connections between international entities to enable the seamless purchase of international real estate online.<\/p>\n

The Silicon Valley based company is advised by the founder of TechCrunch, Michael Arrington, Alain Pinel, Apple\u2019s Daniel Kottke and Bessemer Venture Partners\u2019 David Cowan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Propy, the global property store and decentralized title registry, is partnering with the government of Ukraine to allow online real estate purchases by foreign investors for the first time.<\/p>\n","protected":false},"author":1,"featured_media":4188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[672,673,16],"class_list":["post-4187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-propy","tag-real-estate","tag-ukraine"],"aioseo_notices":[],"amp_enabled":true,"views":"185","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/4187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=4187"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/4187\/revisions"}],"predecessor-version":[{"id":4189,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/4187\/revisions\/4189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/4188"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=4187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=4187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=4187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}