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Private estate sales in Kyiv region 2.7% down in November

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Dec. 5, 2011, 3:04 p.m. | Business — by Interfax-Ukraine
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Some 697 private estate sale and purchase deals were signed in Kyiv region in November 2011, which is 2.7% down on October, SV Development consulting company (Kyiv) has told Interfax-Ukraine. According to the company, compared to November 2010 (790 deals), in November this year private estate sales in the region fell by 11.8%.

In general, in January-November 2011, the number of private estate sale and purchase deals in the region was down by 8.8% compared to January-November 2010, to 6,943.

The average price of private estate in Kyiv region as of Dec. 1, 2011 was $959 per square meter.

SV Development has been working in Ukraine since 2005 in the segment of consulting, assessment and sales on the market of land, residential and commercial real estate.
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Anonymous Dec. 5, 2011, 3:09 p.m.    

Its not so much the number of properties for sale but the value of properties and whether the slump in the number of sales is due to supply or demand.

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Anonymous Dec. 5, 2011, 3:42 p.m.    

Real estate in Kyiv is still over priced.

People who are paying the current prices are idiots or have too much money already.

Maybe someone should produce a special guide called 'How to buy real estate in corrupt Ukraine'.

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