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Kyiv housing prices fell 19.3 percent in December; rents fell further

U.S.-dollar denominated prices of Kyiv-based secondary housing December 3, 2008 through January 5, 2009, fell by 19.3% on average.

According to data posted on www.realt.kiev.ua, the average price of one square meter of housing on Kyiv's secondary market over the period under review fell by 16.99%, while the price of a flat decreased by 21.62%. On average, the price of one square meter of primary housing in the hryvnia over the period under review rose by 4.97%.
On Kyiv's secondary housing market, the average price of one square meter in a one-room flat in December fell by 16.5%, while that in two-room flats decreased by 17.01% and three-room flats by 17.46%.

The average ask price on the secondary market in Kyiv per one-room flat was 20.55% down, per two-room flat 21.66% down and per three-room flat 22.64% down.
On the primary market, the average price of one square meter of housing in one-room flats over the period under review fell by 0.64%, while that in two-room flats increased by 10.05% and in three-room flat by 5.49%.

Average rent rates in Kyiv December 3, 2008 through January 5, 2009, declined by 22.11%. The average rent rates of one-room flats fell by 26.83%, that in two-room flats by 21.83%, and three-room flats by 17.67%.

The information for this analysis was taken from open sources. The Interfax-Ukraine news agency is not responsible for their reliability.

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